Steven Jarvis, CPA I’m over age 72. What can I do about avoiding the required minimum distribution (RMD) tax bite? I have a steady stream of other income. -Bernie Tax-deferred accounts, such as ...
Tag: Tax
European Parliament Votes in Favor of Crypto Tax Policies
3 hours ago | 2 mins read Bitcoin News Only 7 of the 705 MEPs were opposed to the resolution while 47 were missing. Small investors and transactions are also taken into account by the resolution. The ...
European Parliament members vote in favor of crypto and blockchain tax policies
Members of the Parliament of the European Union voted in favor of a non-binding resolution aimed at using blockchain to fight tax evasion and coordinate tax policy on cryptocurrencies. In an Oct. 4 no...
EU Policymakers Vote for Blockchain Use to Fight Tax Evasion, Crypto Asset Non-Taxation
On Tuesday, the members of the European Parliament (MEPs) voted in favour of a resolution that calls for the use of blockchain technology to fight tax evasion and urges member states to coordinate mor...
European Parliament Votes For Crypto Tax System
The European Parliament has voted in favour of a more coordinated and fair taxation system for cryptocurrencies, and to utilize blockchain technology in facilitating a more robust approach towards mit...
Here’s how advisors are helping clients reduce their 2022 tax bill
Hero Images | Hero Images | Getty Images Weigh Roth IRA conversions With the S&P 500 Index down more than 20% in 2022, many investors are eyeing Roth individual retirement account conversions, whi...
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
Ethereum Proof of Stake Is a Regressive Capital Tax – crypto.news
Ethereum recently merged its original chain with a new Proof-of-Stake (PoS) chain. The PoS blockchain was fashioned after the original chain began recording massive costs and scalability problems. Dev...
Terra Classic (LUNC) Price Back on Track With Burn Tax Surge
41 mins ago | 2 mins read Editors News In total, 7 billion LUNC tokens have been burned. Terra Classic has risen by over 14% in the last 7 days. Following the Binance supports for Terra 1.25 burn tax,...
A Billionaire From Clean Energy, Musk Vs Fisker And How To Get Sustainability Tax Breaks
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. In Pictures via Getty Images Among the pr...
Group Behind 1.2% Tax Burn Releases Official Terra Classic (LUNC) Revival Roadmap
Terra Rebels, the volunteer developer group behind the 1.2% tax burn proposal, releases the official Terra Classic (LUNC) Revival Roadmap. Edward Kim and Alex Foreshaw, the lead developers of Terra Re...
Ethereum’s Merge Triggers Confusion Over Tax Status In The UK: Here’s How ⋆ ZyCrypto
Advertisement     The Ethereum Merge has complicated tax obligations for investors and digital asset exchanges. UK’s tax authorities are not left out of the headache a...
Tax on income you never earned? It’s possible after Ethereum’s Merge
After much buildup and preparation, the Ethereum Merge went smoothly this month. The next test will come during tax season. Cryptocurrency forks, such as Bitcoin Cash, have created headaches for inves...
After the Terra Collapse, CZ says the Solution would be to Make a 1.2% Trading Tax
Join Our Telegram channel to stay up to date on breaking news coverage The notorious Terra environment breakdown, which expunged market rates for LUNA and TerraUSD coins, worries shareholders as found...
IRS Wins Court Battle To Access Crypto Bank sFOX’s Customer Records for Tax Investigation
The Internal Revenue Service (IRS) is gaining access to crypto bank sFOX’s customer records as a means of investigating potential tax evasion. According to a new press release, the IRS has obtained a ...
What’s The Problem? UK Economic Policy Mirrors Successful 1980s U.S. Effort
LONDON, ENGLAND – JULY 14: Secretary of State for Business, Energy and Industrial Strategy Kwasi … [+] Kwarteng (R) intridcues Conservative leadership candidate Liz Truss (L) as she launch...
BTC Bull Michael Saylor Sued Over Tax Dispute
Poor Michael Saylor. As if the man doesn’t have it bad enough. Michael Saylor Has Serious Tax Woes Not long ago, the billionaire investor and CEO was ousted by his own company after more than 30 years...
How To Cash In On Billions In Green Home Improvement Tax Credits And Rebates
The new Inflation Reduction Act aims to arrest climate change by providing incentives for everything from solar panels to heat pumps to new windows to electric stoves. getty On August 16, President Jo...
Pound Sinks Again As IMF And Moody’s Rebuke U.K. Tax Cuts
Topline London stocks and the British pound both fell Wednesday morning—after the International Monetary Fund (IMF) and credit ratings agency Moody’s rebuked the U.K. government over planned tax cuts ...
Ethereum Merge Might Raise New Tax Issues in UK: Details
Tomiwabold Olajide Ether holders have option to lock up, or stake, their coins on the Ethereum blockchain There are new worries that the Ethereum Merge, which heralds the network’s switch to pro...
‘Apple Must Be Stopped’ as Web2 Firm Launches 30% NFT Tax: Epic Games CEO
Apple’s decision to let NFTs be bought and sold on App Store apps hasn’t received the kind of reception one might expect from Web3 proponents. That’s because the iPhone maker has decided to charge its...
U.S. Tax Law’s Retrograde Treatment Of R&D Is A Threat To National Security
In February of 2020, long before he was chosen to be the next National Security Advisor by president-elect Joe Biden, Jake Sullivan co-authored an essay in Foreign Policy about the nexus between econo...
Binance Enacted Terra 1.2% Tax Burn
19 mins ago | 2 mins read Editors News Binance adopted the Terra Classic burn mechanism on Trading Fees. LUNC increased by 161% from the previous month. Finally, the LUNC community’s most awaited resp...
New Binance Terra Classic (LUNC) Tax Burn Approach May Result in Burns More Than 1.2% Proposed Rate
– Advertisement – Binance is taking a different Terra Classic (LUNC) off-chain burn approach, but data indicates the exchange might burn over 1.2% on transactions. The Terra community ha...
Binance applies LUNC tax burn to trades including past transactions
Binance announced that the exchange has started applying the 1.2% tax burn on Terra Luna Classic (LUNC) trades. The announcement stated: “Binance will implement a burn mechanism to burn all trading fe...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
Nearly 1.5 Billion Terra Classic (LUNC) Burned By 1.2% Tax Almost A Week After Implementation
– Advertisement – The burn rate remains underwhelming. After weeks of anticipation and excitement in the LUNA Classic (LUNC) community, the 1.2% tax parameter change finally went live la...
Trust Tax Rates and Exemptions That Could Save You Big Time
Trust Tax Rates A trust is a legal entity that holds money and assets for future distribution or management. For example, you might create a trust for your children’s college education, putting money ...
Amazon, Berkshire Hathaway Could Be Among Top Payers of New Minimum Tax
Listen to article (2 minutes) WASHINGTON—A handful of large companies, such as Berkshire Hathaway and Amazon.com could bear most of the burden from a 15% corporate minimum tax President Biden signed i...
IRS Pursues Crypto Tax Evaders at M.Y. Safra Bank
Join Our Telegram channel to stay up to date on breaking news coverage A New York court decided on Thursday that the U.S. Internal Revenue Service (IRS) has been given permission to serve M.Y. Safra B...