Issued with form J-1040

PUB 1

Internal Jeet Service

Tax period: forever

The whole mechanic in plain words: what counts as a sale, how a record follows the tokens, and what a burn buys you.

Pot to the next refund

0.000 SOL

Empty until the coin is issued. The round cuts itself at 1 SOL.

Burned by amnesty

0 $IRS

Nothing burned yet. Nothing burned comes back.

For official use only

Mint, on Solananot issued yet

The address is printed here the moment the coin is issued.

Buy on pump.fun
Chart X

The keys open the moment the mint is published. pump.fun publishes no mark anyone may use, so its key carries the name instead of a logo.

Publication 1. How this works

Four steps, then the rules in full.

1

You hold

Buy $IRS and do nothing. A wallet that has never sold has a clean record and the full weight.

2

The register writes

Every sale through a pool adds one to your record. Sending the coin on copies your record to the wallet that gets it.

3

The pot fills

The creator fees are forwarded to the keeper. At 1 SOL it buys $IRS with 70%, buys and burns with 20% and keeps 10% for the work.

4

You claim

The keeper publishes the round's root on chain and you claim your share on the return. Your share is your balance halved once for every sale on your record.

What counts as a sale

A sale is a swap of $IRS into SOL or into another token through a pool. That covers the pump.fun bonding curve, PumpSwap after the bond, and any route an aggregator takes, including Jupiter. The register reads the transaction itself: if $IRS left your wallet and SOL or another token came back in the same transaction, or a pool was part of it, that is a sale.

These are not sales: adding or removing liquidity, sending the coin to another wallet, burning it, and buying more.

Records are inherited

Send $IRS to a second wallet and that wallet takes your record if yours is worse: n_to = max(n_to, n_from). A fresh wallet does not clean anything. A wallet that bought on the open market and never received a transfer keeps its own clean record, which is the honest case and stays honest.

The weight

A wallet's weight in a refund is its balance halved once for every sale on its record: weight = balance x 0.5^n. Its share of the round is its weight over the sum of every weight above the $20 floor.

  • Never sold: the whole balance counts. Model Citizen.
  • One sale: half of it counts. Audited.
  • Two or three sales: a quarter or an eighth. Repeat Offender.
  • Four sales and up: a sixteenth or less. Career Jeet.

Amnesty

A record can be cleaned one sale at a time. Burn 5% of the balance you hold in a single burn carrying the memo IRS amnesty and the keeper takes one off your record on its next pass. The button on the return builds that transaction for you. The burn is permanent: the record gets better, the supply gets smaller, and nothing is handed back.

Where the money goes

The creator fees of $IRS sit on the owner's wallet and are forwarded to the keeper. Everything the keeper holds above a 0.05 SOL float for network fees is the pot. The moment the pot reaches 1 SOL it is cut: 70% buys $IRS and is handed out as the refund, 20% buys $IRS and burns it, 10% pays for the RPC and the hosting.

Nothing here runs on a clock

There is no round timer, no snapshot hour, no deadline and no cooldown. The keeper acts when the pot reaches its level, and a claim stays open until it is taken.

The tax that would be

Line 8 of the return prints what a personal fee of 1% for every past sale would have cost you. It is a number to look at, not a charge: nothing on this site takes a cut of a trade.

Who is left out

Exchange wallets and pool accounts never receive a refund and never inherit a record. Holders under $20 are skipped so that the round is not eaten by rent and dust.