Dennis Rodman during Maxim Magazine’s Hot 100 – Arrivals at Montmartre Lounge in Hollywood, … [+] California, United States. (Photo by Chris Polk/FilmMagic) FilmMagic Resolving lawsu...
Tag: Tax
As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit
A temporary tax break for small businesses has spawned a cottage industry of advisory firms tapping into federal pandemic aid, raising alarms at the Internal Revenue Service that some claims are going...
Brussels Set to Begin Talks on EU Crypto Tax, Report Reveals – Taxes Bitcoin News
The European Commission is preparing to discuss with member states the adoption of a common tax regime for crypto assets, European officials have indicated. The talks with national treasuries are expe...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
‘Voters are looking for help’: With control of Congress too early to call, here are 3 burning tax questions
A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences for these tax quest...
How to pay Bitcoin profit tax?
News has been circulating in recent days that has put the crypto world in great turmoil: a major Milanese law firm has reportedly entered into an agreement with the Italian tax authorities to emerge f...
Massachusetts Voters Approve ‘Millionaires Tax’ As Californians Reject An Income Tax Hike On High Earners
In the 2022 midterm elections, Massachusetts voters approved Question One, a constitutional … [+] amendment that will create a new 9% income tax rate applying to income above $1 million. getty I...
California Ticket Wins Record $2.04 Billion Powerball Jackpot—Here’s How Much They’ll Pay In Taxes
Topline A single winning ticket sold in California bagged Monday night’s record $2.04 billion Powerball jackpot, the lottery said, though the lucky winner faces a hefty tax bill and will take home muc...
Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders – Taxes Bitcoin News
The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discu...
Record Powerball Jackpot Jumps To $2.3 Billion After No Ticket Wins Monday’s Draw—Here’s How Much Tax A Winner Would Pay
Topline No one bagged Monday night’s enormous $2.04 billion Powerball jackpot, sending the prize soaring to a record-breaking $2.3 billion for the next draw, the lottery reportedly said, though any lu...
IRS Is Preparing Hundreds of Crypto Tax Evasion Cases
The United States Internal Revenue Service (IRS) criminal division has said that it is gearing up for the tax season and has its sights set on the crypto community. Per reports from Bloomberg Law, Jim...
IRS Building Hundreds of Crypto Tax Evasion Cases, Says Agency’s Criminal Chief: Report
The U.S. Internal Revenue Service’s (IRS) criminal chief says that the agency is reportedly building hundreds of crypto tax evasion cases. According to a new report by Bloomberg Tax, IRS criminal head...
Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply – Economics Bitcoin News
A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De L...
Powerball Jackpot Swells To Record $1.9 Billion After No Ticket Wins Saturday’s Draw—Here’s How Much Tax A Winner Would Pay
Topline No one bagged Saturday night’s enormous Powerball jackpot, sending the prize soaring to a record-breaking $1.9 billion for the next draw, the lottery said, though any lucky winner will face a ...
IRS Ready to Tackle Rising Crypto Cases in Upcoming Tax Season
IRS updated crypto taxation guidelines in October 2022. According to the reports of Bloomberg, The United States Internal Revenue Service(IRS) criminal investigation division is ready to crack down o...
IRS is Building Hundreds of Crypto Tax Evasion Cases
Hundreds of crypto-related cases are piling up at the Internal Revenue Service (IRS)’s Criminal Investigation division. According to division chief Jim Lee, many of these cases will be made public soo...
The Bright Side of Inflation: Tax Breaks
With inflation on the rise, Americans — the ultra-wealthy, especially — may see new tax breaks in 2023, thanks to adjustments from the IRS. The IRS opted to increase the estate-tax exclusion by $860,0...
IRS is Developing ‘Hundreds’ of Crypto Cases Amid Upcoming Tax Season
According to a report from Bloomberg Law, Division Chief Jim said the United States Internal Revenue Service (IRS) criminal investigation division is developing hundreds of cases involving crypto, and...
IRS prepares for an increase in crypto cases in the upcoming tax season
The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community. According to a report from Bloomberg Law, the...
Get Your Crypto Tax in Order, IRS Warn Hundreds of Evaders
The tax collection agency of the United States is doubling down on tackling cryptocurrency tax evasion. The Internal Revenue Service (IRS) Criminal Investigation division said it is preparing “hundred...
45Q Tax Credit Boosts Values Of Carbon Sequestration Projects, Yet Most Still In Development
Approximately half of the Inflation Reduction Act’s budget ($369 billion) has been authorized for spending on energy and climate change. One of the components buried in that act was the supercharging ...
The Block: IRS building ‘hundreds’ of crypto cases, ramping up hiring: Bloomberg Tax
The United States Internal Revenue Service is developing “hundreds” of soon-to-be-public cases involving crypto, according to a Bloomberg Tax report citing division chief Jim Lee. Th...
High Tax on Crypto May Kill Industry in…
According to Binance CEO, Changpeng “CZ” Zhao, high taxes on cryptocurrencies and crypto transactions in India may “kill the industry.” CZ addresses an event on the global fintech industry in Singapor...
India’s High Tax on Crypto Will Kill the Industry – Says Binance CEO
Binance CEO Zhao Changpeng, during the Global fintech panel in Singapore, said that the high tax rates on crypto would kill the industry in India. These sentiments come after the government of India i...
Powerball Jackpot Swells To $1.5 Billion After No Ticket Wins Wednesday’s Draw—Here’s How Much Tax A Winner Would Pay
Topline No one bagged Wednesday night’s billion-dollar Powerball draw, sending the jackpot soaring to a nearly record-breaking $1.5 billion for the next draw, the lottery said, though any lucky winner...
Biden’s “Windfall Profits Tax” On Oil Companies Would Give Voters What They Want—And That’s The Problem
WASHINGTON, DC – OCTOBER 31: U.S. President Joe Biden delivers remarks on oil company profits in the … [+] Roosevelt Room of the White House on October 31, 2022 in Washington, DC. Biden is...
BP hit with windfall tax as profit more than doubles to $8.2bn
Falling oil prices hit Shell in the third quarter of the year, but investors will want to see for themselves on Tuesday whether BP will also post massive profits regardless. Experts are definitely exp...
Georgia Film And TV Productions Spent $4.4 Billion In The 2022 Tax Season Helping Jump Start New Opportunities
ATLANTA, GA – APRIL 26: A general view of Marvel Studios’ Avengers: Infinity War Screening at The … [+] Fox Theatre on April 26, 2018 in Atlanta, Georgia. (Photo by Paras Griffin/Get...
President Biden just accused oil companies of ‘war profiteering’ and threatened them with a new windfall tax. Will it help with gas prices?
‘They ain’t seen nothing yet’: President Biden just accused oil companies of ‘war profiteering’ and threatened them with a new windfall tax. Will it help with gas prices?...