Last Updated: January 17, 2026 This Tax Disclaimer provides important information regarding any potential tax implications related to participation in the PlasticCTO project, holding or trading $PLASTIC tokens, receiving automated SOL distributions (rewards/incentives), or making/receiving donations through the Project. This disclaimer is incorporated into and forms part of our Terms of Use and other disclaimers on plasticthewhalekiller.com (the “Website”).
No Tax Advice Provided
Nothing on the Website, in any Project communications (including X spaces, posts, guides, or documents), or from the Doxxed Initial Contributor (@Yerahmeel33 / Yerahmeel) constitutes tax advice, accounting advice, or a recommendation regarding tax matters. Tax laws are complex, vary by jurisdiction, and change frequently. We are not qualified tax professionals and make no representations or warranties about the tax consequences of any actions related to the Project.
Potential Tax Considerations (General Information Only)
If you encounter any accessibility barriers on the Website, please contact us so we can assist and improve:
1. **Holding or Trading $PLASTIC Tokens**
Acquiring, holding, selling, swapping, or otherwise disposing of $PLASTIC may be treated as a taxable event in many jurisdictions (e.g., capital gains or losses under U.S. IRS rules).
Basis, holding period, and fair market value at the time of any transaction are your responsibility to track and report.
2. **Automated SOL Distributions (Rewards/Incentives)**
Any SOL received through the automated holder incentive mechanism (conditional on fee generation) may be treated as taxable income at the fair market value on the date of receipt (common U.S. IRS position for airdrops/staking rewards).
There is no guarantee of receipt, amount, or frequency — see Rewards and Incentives Disclaimer.
3. **Donations (Project to Nonprofits)**
Donations sent from the Project’s public donation wallet to community-voted nonprofits are not made by you personally and do not create any charitable deduction, tax credit, or benefit for token holders.
You receive no tax documentation (e.g., Form 8283, receipts) from the Project or nonprofits.
4. **Your Personal Donations or Contributions**
If you separately donate to nonprofits (e.g., inspired by the Project), any potential charitable deduction or tax benefit is between you and the nonprofit/tax authority — the Project has no involvement or responsibility.
Jurisdiction-Specific Notes
**United States**: The IRS treats most cryptocurrency transactions as property dispositions (Notice 2014-21). Rewards may be ordinary income. Donations by individuals may qualify for deductions if made directly to qualified 501(c)(3) organizations and properly documented — Project donations do not qualify for your personal benefit.
**Other Countries**: Tax treatment varies (e.g., VAT on crypto in EU, capital gains worldwide). You must determine applicability in your jurisdiction.
Future regulations (e.g., proposed U.S. crypto tax reporting rules, EU MiCA) may change these considerations.
Your Responsibilities
You are solely responsible for:
Determining the tax consequences of your participation in the Project
Maintaining accurate records (e.g., acquisition dates/costs, transaction details)
Filing all required tax returns and paying any taxes due
Consulting a qualified tax professional, accountant, or attorney in your jurisdiction
No Representations or Warranties
We make no representations or warranties regarding:
Tax classification of $PLASTIC, SOL distributions, or donations
Eligibility for any deductions, credits, or exclusions
Compliance with any tax reporting requirements (e.g., IRS Form 1099, FATCA, CRS)
No Personal Liability
The Doxxed Initial Contributor assumes no responsibility or liability for any tax liabilities, penalties, interest, audits, or disputes arising from your participation in the Project. By holding $PLASTIC, engaging with the Website, or participating in any Project activity, you release the Doxxed Initial Contributor from all claims related to tax matters.
Governing Law: State of Arkansas, USA, with mandatory arbitration for disputes.
Contact: For general inquiries (not tax advice), contact plasticthewhalekiller@gmail.com.
If you do not agree with this Tax Disclaimer, do not hold $PLASTIC or engage with the Project.
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