However, You Cannot Claim This Credit If You Can Be Claimed As A Dependent On Anothe: Fill & Download for Free

This happens with surprising frequency.Usually what happens is inattention by minimum-wage armored car drivers who don’t bolt the doors of the back of the truck and a huge bag of money falls out without them being aware. Some bystander finds the money and then has to face the question, what do I do with it?Here in Boston we once had a Boston college student who found an enormous sum of money that had fallen from an armored car and returned it and got a 10,000 dollar reward. However, when they counted the money they found they were 25,000 short. The student didn’t depend on getting a reward - he skimmed the money off the top before returning it. True “virtue signalling” at its finest - only he was lying the whole time.In Boston a coin-carrying armored car overturned on the Southeast Expressway. Millions of quarters were flung around the highway. Cars instantly stopped while people jumped out to scoop up as many quarters as they could. No one stopped them. The traffic jam prevented the cops from getting there in a timely manner. Even after the clean-up quarters were ground into the pavement for years and glittered in the sun as they wore away. No one went hunting for the passerby who got, what?, a few hundred dollars in quarters at most?So the question becomes where did the money come from? Note that 10 million dollars in 100 dollar bills weighs well over 200 pounds; if it’s 20 dollars bills it’s going to be 1000 pounds. How are you going to move it? If it’s bank money it will probably be in heavy canvas sacks that are locked and emblazoned with the bank’s name. There’s not going to be any doubt as to who owns the money. There’s only one course of action: call the police.If it’s drug courier money and you take it, you know they are going to come looking for it. If they find you with it, nothing good is going to happen to you. My brother, who is a cop, has told of finding men in a ditch by the highway, hands bound behind their back and a hole cut in their throat with their tongues pulled through the hole. Then they are pushed from the back of a van moving 70MPH down the highway at night. It’s called the “Colombian Necktie”. Other drug dealers who lose drugs to the police call up the police looking for the police report so that they have something to “show” the drug owners that they got jacked by the police. You can only lose so much of their drugs and/or money before they decide you’re not such a good risk any more.I work in contract marketing sometimes for a security/surveillance company. There are cameras everywhere now but they are nothing like the bullshit you see on television with a bunch of screens with a sleepy guard watching. New systems from Axis or Canon use PTZ (pan tilt zoom) cameras by the thousands, all connected to each other and massive parsing server running Milestone software. They calculate your gait, your weight, your height - everything. They can track you from camera to camera. They know how long you look in a store window or linger at a store product. They track you in groups and they can separate you from a crowd. If you drop a candy-wrapper - or a backpack - they can highlight it and track that thing you dropped and where you go. They can track and highlight multiple people you meet with. They use radar and thermal imaging to defeat dark light and distance and hiding cover. They can tell if you’re carrying a cell phone or a gun. And they can reduce an entire day of video into 20 seconds of time. All without anyone watching. They send alarms to a computer, to the operator’s cell phone, to massive alarm monitoring networks and the split-screen the alarm condition, looped over and over against what you’re doing right now. And now they are integrating with drones, so they can follow into your house and even track you through the windows or through the walls using thermal imaging. If you drive away they do license plate analysis in real time. Boston has over 10,000 cameras watching the city. When the Boston Marathon bombing happened there was endless video of it, analyzed in real time by Milestone software.So if you think “no one saw you” when you dragged that 200 pound bag of bills to your car trunk you better hope you’re right - it’s a crime to find and keep money like that if it belongs to a legitimate operation. And if it isn’t, you better really hope you weren’t seen or captured on video. Ten million dollars is worth investigating by nefarious operatives.Your best bet is to be like the kids in Florida who came across metal trash barrels buried on a beach, filled with cash. They didn’t know that they had found the Holy Grail - they left a trail of money for the police to follow back to the stash, but not before lots of it was stolen and blew away.And if you involve someone else in your little scheme to move/hide the money you know you are going to be betrayed. Money changes people and lots of money changes them a lot, usually not for the better. And you know what they say- “two people can keep a secret - if one of them is dead.” It won’t be long before everyone knows what you’ve got. And you know where that leads. The movie “A Simple Plan” shows how finding money can go south quickly. “Deliver Us From Evil” is another movie along the same concept: how friends turn to deadly enemies over money they find from a DB Cooper-style incident in the woods. Nothing good happens to them.It’s actually very common for cars seized by the police and sold at auction to be found by the buyer to contain millions of dollars or lots of drugs in the gas tank. You would think the cops would be better at finding drugs and money in hidden compartments than they are. Building hidden compartments in cars is a big business in America but the tried-and-true methods - hiding money in the air filter or pulling out the passenger side air bag and storing it in there - only can account for so much cash, maybe a 100,000 dollars at most. But in those cases where money is found, you can keep it. The drugs - not so much.And even if you are able to successfully get the money home you will spend the rest of your life looking over your shoulder. People are creatures of habit. If you walked past a bag with 10 million dollars chances are you walked past that place before and the people looking for it are going to be tracking those patterns. Even if you get the money, what will you do with it? You cannot deposit in a bank. You can’t use it for many big transactions, such as showing up at the Cadillac dealer and paying cash for that Escalade. You can’t buy a house with a bag of money. So how will you use it? For expensive clothing and nights out, maybe. But that’s just a fraction of the money. You’d have to find a nefarious way to spend it and still be careful. The Feds are on the lookout for money launderers and they are pretty good at it - that’s why drug dealers are sometimes caught with rooms full of money. It’s hard to launder and it turns out that having a credit card or a bank account is much easier than spending wads of cash.In the end your best bet is to return the money to the Police, notify the Press and then follow up. If no one claims it, then it’s yours. If they do - at least you know whom it belongs to and can possibly get a reward. But get that police report and the Press involved because otherwise you KNOW that money is going to disappear from the evidence locker. But then, once it does, it’s someone else’s problem and not yours. One time my brother stopped a drug dealer on the highway and found 250,000 dollars in a box in the trunk. He asked the dealer whose money it was. The dealer smiled and said, “It must be yours”. He wanted to get away. But he didn’t. My brother’s response was “A good night’s sleep is easily worth 250,000 dollars.” He called it in.

You may be eligible for the 2020 refundable tax credit, which in many circumstances is payable in advance in the form of an Economic Impact Payment.However, if one can be claimed on another’s tax return as a dependent, they are not eligible for an EIP. The following are the tests to see if one can be claimed as a dependent. There’s a second chart to use if one lived with a relative other than those in this chart:Relationship: Must be your child, adopted child, foster child, brother or sister, or a descendant of one of these (grand or nephew).Residence: Must have the same residence for more than half the year.Age: Must be under age 19 or under 24 and a full-time student for at least 5 months. They can be any age if they are totally and permanently disabled.Support: Must not have provided more than half of their own support during the year.Joint Support: The child cannot file a joint return for the year.So, if you lived with a parent, aunt, uncle or a grand- of these for more than 1/2 of 2019 (or 2018) and they provided more than half of your support (food, clothing, lodging and possibly school tuition,) then you can be claimed as a dependent. They don’t have to claim you, they only have to be eligible to.The second chart is:Qualifying Child: They are not the “qualifying child” of another taxpayer or your “qualifying child.”Gross Income: The dependent being claimed earns less than $4,200 in 2019 ($4,150 in 2018).Total Support: You provide more than half of the total support for the year.Member of Household or Relationship: The person (a friend, girlfriend, non-blood relative) must live with you all year as a member of your household or be related to you.The second chart has tougher requirements such as a dependent has to live in the same household for the entire year and also adds an income test.Ultimately when one files their 2020 tax return, there will be a form to claim the refundable credit in the CARES Act. The same tests will apply, but to the 2020 tax year. If one cannot be claimed as a dependent for 2020 and meets all the other requirements, they can claim the $1,200 credit on their 2020 return.

Investing in Bitcoin can seem complicated, but it is much easier when you break it down into steps. You don't have to understand computer programming to realize that banks, businesses, the bold, and the brash are cashing in on cryptocurrencies. This guide will help you to get started, but always remember that Bitcoin investing carries a high degree of speculative risk.Investing in cryptocurrency in general is a good business if you are on the right path and with the right platform. After so many failed attempt on getting the right platform, I came across Libraforex Cryptocurrency Investment Platform (www.libraforex,io) where i get different percentages on every investment i made with cryptocurrency every 10 days. It looks too good to be true until i gave it a try and trust me it has been a smooth ride all the way. Don’t give up on cryptocurrency and join the platform. Trust me, you won’t care about the price fluctuation anymore. Thank me Later.PS: This is not in any case of me trying to lure you into anything for my own personal financial gain, i am just innocently sharing so that you could gain one or two things as this has been working for me. You can also make a research on what works for you too.KEY TAKEAWAYSThe value of Bitcoin is heavily dependent on the faith of investors, its integration into financial markets, public interest in using it, and its performance compared to other cryptocurrencies.Bitcoin investing still involves some technical and security issues that investors should be aware of before they begin.Investors who want to trade bitcoin need a place to store them—a digital wallet.They also need to buy bitcoin, which is usually achieved by connecting a wallet to a bank account, credit card, or debit card.Investors can join an exchange or online marketplace to trade traditional currencies, bitcoin, and other cryptocurrencies.Bitcoin BackgroundVolume 75%1:57What Is BitcoinIt may seem hard to believe that a digital currency could be worth thousands of dollars. Although the lines of code that make up each bitcoin are worthless in and of themselves, markets value each bitcoin at thousands of dollars. Bitcoin has value in part because it has transaction costs that are much lower than credit cards. Bitcoins are also scarce and become more difficult to obtain over time. The rate that bitcoins are produced cuts in half about every four years. This rate is expected to halve again sometime in 2020. The total number of bitcoins in circulation is gradually approaching the limit of 21 million set in 2009 by Bitcoin's creator, Satoshi Nakamoto.If the demand for bitcoins exceeds the rate at which it can be produced, the price will increase. As of Jan. 2020, 18.15 million, or 86.42%, of total bitcoins have already been created.1 This situation does not guarantee increasing prices. Cryptocurrencies are wildly unpredictable, even ones as popular as Bitcoin. Bitcoin was worth $19,116.98 on Dec. 17, 2017, but the price fell substantially and had yet to recover as of the beginning of 2020.2 The value of Bitcoin is heavily dependent on the faith of investors, its integration into financial markets, and public interest in using it. The performance of Bitcoin compared to other cryptocurrencies, such as Ethereum, is also crucial in determining its value.Bitcoin transactions are stored using a public record-keeping technology called blockchain. InvestopediaBitcoin operates on a decentralized public ledger technology called the blockchain. When consumers make purchases using the U.S. dollar, banks and credit card companies verify the accuracy of those transactions. Bitcoin performs this same function at a lower cost without these institutions using a system called hashing. When one person pays another using bitcoin, computers on the Bitcoin blockchain rush to check that the transaction is accurate. In order to add new transactions to the blockchain, a computer must solve a complex mathematical problem, called a hash. If a computer is the first to solve the hash, it permanently stores the transactions as a block on the blockchain.The rate that bitcoin can be produced cuts in half roughly every four years. InvestopediaWhen computers successfully add a block to the blockchain, they are rewarded with bitcoin. This process is known as bitcoin mining. Similar to winning the lottery, solving hashes is mostly a matter of chance. However, there are ways to increase your odds of winning in both contests. With bitcoin, arriving at the right answer before another miner has almost everything to do with how fast your computer can produce hashes. In the early years, bitcoin mining could be performed effectively using open-source software on standard desktop computers. Today, only special-purpose machines known as application-specific integrated circuit (ASIC) miners can mine bitcoin cost-effectively. Mining pools and companies now control most bitcoin mining activity.Before BeginningThere are several things that every aspiring Bitcoin investor needs. A digital wallet, personal identification documents, a secure connection to the Internet, a method of payment, and an account at a cryptocurrency exchange are the usual requirements. Valid methods of payment using this path include bank accounts, debit cards, and credit cards. It is also possible to get bitcoin at specialized ATMs and via P2P exchanges. However, be aware that bitcoin ATMs were increasingly requiring government-issued IDs in early 2020. There are additional details on buying bitcoin that we will not cover here.To buy bitcoin you need a digital wallet, personal identifying documents, a secure internet connection, a cryptocurrency exchange, and a form of payment. Getty ImagesPrivacy and security are important issues for Bitcoin investors. Even though there are no physical bitcoins, it is usually a bad idea to brag about large holdings. Anyone who gains the private key to a public address on the Bitcoin blockchain can authorize transactions. While it is obvious that the private key should be kept secret, criminals may attempt to steal private keys if they learn of large holdings. Be aware that anyone you make a transaction with can see the balance in the public address that you use. That makes it a good idea to keep significant investments at public addresses that are not directly connected to ones that are used for transactions.Contrary to popular belief, bitcoin is confidential but not anonymous. CoinbaseAnyone can view a history of transactions made on the blockchain, even you. But while transactions are publicly recorded on the blockchain, identifying user information is not. On the Bitcoin blockchain, only a user's public key appears next to a transaction—making transactions confidential but not anonymous.That is an important distinction. International researchers and the FBI have claimed that they can track transactions made on the Bitcoin blockchain to user's other online accounts, including their digital wallet. That's a direct result of anti-money laundering policies.3 This should not concern most investors because Bitcoin is legal in the U.S. and most other developed countries.Step One: Get a Bitcoin WalletThe first thing that you'll need to get started is a wallet to store bitcoin.Bitcoins are not physical coins, and they must be stored in digital wallets. Getty ImagesWhen it comes to choosing a bitcoin wallet, you have options. However, the Louis Vuitton and Gucci of the cryptocurrency world right now are "software" and "hardware" wallets. Software wallets are mobile applications that connect with your traditional bank account. These wallets allow for quick and easy access to bitcoin, but the drawback is they put your money in the hands of a third-party company.Although the leading software wallets are trustworthy, popular third-party companies have collapsed, or been hacked, in the past.4 5 Much like you wouldn't store thousands of dollars in your mattress, users with larger bitcoin holdings should consider storing their money more securely.Coinbase is the most popular software wallet available in the United States. In part, that is because it has a website, a mobile application, and stores 98% of customer currencies offline for added security. For beginners, Coinbase is the best and easiest place to start because it is connected directly to a bitcoin exchange, which simplifies the buying and selling process.There are also many other bitcoin wallets available. Blockchain.com - The Most Trusted Crypto Company is another top wallet connected to a bitcoin exchange. Mycelium is one of the most secure mobile wallets, but it can be a little harder to use. Blockchain Wallet is a popular mobile wallet, while Electrum is an excellent open-source choice for desktop users.Hardware wallets are a little more old-school but are generally considered to be more secure because they are kept offline. Trezor and Ledger are two of the leading hardware wallet manufacturers. These wallets store a user's private key on a physical hardware device similar to a flash drive, which prevents hackers from accessing a user's private key through an Internet connection.Step Two: Connect a Bank AccountIn order to purchase bitcoin, you need to connect your wallet to a bank account, debit card, or credit card. Although these payment methods all perform the same function—exchanging traditional currency for bitcoin—they each carry their own set of fees.By linking a bank account to your wallet, you can buy and sell bitcoin and deposit that money directly into your account. Getty ImagesTransactions made using a bank account can take four to five days to process on Coinbase, but are generally recommended for first-time investors.6 By linking a bank account to your wallet, you can buy and sell bitcoin and deposit that money directly into your account. Bank accounts are generally recommended if you are dealing with larger sums of money. At the time of writing, bank accounts let users spend as much as $25,000 per week.7Debit and credit cards, on the other hand, allow you to buy bitcoin almost instantly. The drawback is that on Coinbase and other popular exchanges, debit cards can only be used to purchase crypto—and even then, only in smaller amounts. Users cannot sell bitcoin or deposit money into their bank account when their wallet is connected to a debit card.6Step Three: Join a Bitcoin ExchangeBitcoin exchanges are online marketplaces where you can trade bitcoin for traditional currencies, say BTC for USD. Just like when you go to make a purchase online, you have options. There’s eBay, Amazon, Etsy, and Alibaba—to say nothing of the millions of private retailers who use these websites to sell their products. The same is true of buying bitcoin.Exchanges can vary in reputation, reliability, security, processing fees, exchange rates, and cryptocurrencies available for trading. CoinbaseEven when two exchanges trade the same cryptocurrencies, they usually offer slightly different services. Exchanges can vary in reputation, reliability, security, processing fees, exchange rates, and cryptocurrencies available for trading. Before settling down with an exchange, look around. Here are our top recommendations for where to start.While most exchanges offer wallets for their users, security is not their primary business. Except for Coinbase, we generally do not recommend using an exchange wallet for large or long-term cryptocurrency holdings.Best for Beginners: CoinbaseCoinbase is the most popular and respected digital currency exchange in the United States. Coinbase lets users securely buy and store cryptocurrency in one location. Coinbase charges a 1.49% fee for U.S. transactions from a bank account or Coinbase USD wallet. Purchases made using a credit or debit card are charged a 3.99% fee.8 Plus, Coinbase secures cash balances up to $250,000 in the event of theft or breach in online storage.9Best for On the Go: Square CashThe Square Cash app is a leader in peer-to-peer money transfers, right alongside PayPal's Venmo. The Cash app comes from Square, the company that makes those mobile credit card readers. Square is a huge financial technology company that includes many other services—one of which is trading bitcoin. Unlike most online exchanges, the Cash App stores your bitcoin in your Square Cash Account, rather than a separate digital wallet. If you're worried about security, however, you can send the bitcoin in your Square Cash Account to another wallet of your choosing. Square limits deposits to $10,000 per week, but there is no limit to what you can sell.10Best for Bitcoin on a Budget: RobinhoodRobinhood launched in 2013 as a fee-free stock brokerage. In Feb. 2018, the company expanded into the Bitcoin and Ethereum markets, along with market data for another 15 currencies, allowing users to trade cryptocurrency without a fee. As is the case with Square, Robinhood stores bitcoin in the same Robinhood account that is used for stocks. Robinhood is mobile-first and just recently added a web version, so it is best for people comfortable managing money from their phone or tablet.Best for Big Spenders: Coinbase Pro (Formerly GDAX)If you feel comfortable trading on Coinbase and want to step up your trading volume, you may be ready to switch from Coinbase to Coinbase Pro. Formerly known as Coinbase Global Digital Asset Exchange (GDAX), the trading platform uses interfaces similar to Bloomberg terminals and active stock, commodity, and option trading platforms. Coinbase Pro offers options to make market orders, limit orders, and stop orders in addition to traditional buying and selling. Coinbase Pro also allows users to trade between cryptocurrencies, say between Ethereum and Bitcoin. Coinbase Pro charges fees ranging from 0.04% to 0.50% based on your trading volume. Most people trade less than $10 million per month and will fall into the 0.20% tier. If you want to try Coinbase but with much higher volume, this platform is the way to go.11Best for Buying in Cash: Peer-to-PeerIf you have a wallet, but it isn't connected to a bank account, debit, or credit card, you can buy bitcoin using cash through a peer-to-peer exchange. Unlike typical bitcoin wallets, peer-to-peer exchanges work similarly to Craigslist for cryptocurrency. They allow buyers and sellers in the same areas to find each other and meet up to trade bitcoins for cash. With peer-to-peer exchanges, it's important to remember that you are trading high-value currency with strangers you have never met before. If you choose to exchange bitcoin in this way, we recommend that you meet buyers and sellers in a public place with high visibility.Step Four: Place Your OrderThis gif from cryptocurrency exchange Coinbase walks you through the buying process. CoinbaseYou’re now ready to buy bitcoin for the first time. It is crucial to keep in mind that although one bitcoin costs several thousand dollars, bitcoin can be divided up to eight decimal points. The smallest unit of bitcoin is known as a satoshi. Even if the price of bitcoin skyrockets, you'll still be able to buy a satoshi for a tiny fraction of a cent.