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Not all transactions are subject to withholding, especially the ones one might want to hide.
by mcculley 2y ago
Not all transactions are subject to withholding, especially the ones one might want to hide.
- AnthonyMouse 2y agoBut how does that help you? Whether or not your brokerage is required to withhold income tax, they're still going to file a 1099-DIV or what have you. Unless you're talking about overt crime like drug deals, and then we're back to that already being independently illegal.
- mcculley 2y agoBrokerage? You are making assumptions again. I am divesting of a business that has many kinds of transactions. Counterparties often suggest a cash discount so that one or both parties can hide the income.