Selling a rental property is more complicated than selling your personal home. If you’re not using the proceeds to buy another property, it’s going to cost you. (Rich Pedroncelli / Associa...
Tag: Tax
Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes
Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining hubs, announced plans to introduce new crypto regulations to reduce tax fraud and unlawful business operations. A new law signed by Kazakh P...
Kazakhstan plans to reduce tax fraud and unlawful business operations
Kazakhstan, which is one of the main centres for Bitcoin (BTC) mining in the world, has revealed intentions to establish new crypto legislation in order to cut down on tax fraud and illegal business a...
The Super Bowl Doesn’t Always Produce Super-Sized Revenues For Last Taxpayers
08 February 2023, USA, Phoenix: Super Bowl LVII, Roger Goodell press conference. (Photo by … [+] Maximilian Haupt/picture alliance via Getty Images) dpa/picture alliance via Getty Images On Sund...
7 Things You Can Do Now to Shave Your Tax Bill Next Year
The 2023 tax year has only just begun, and the tax-filing deadline for 2023 taxes is more than a year away. But if you get a jump on planning, you can lock in big tax savings. With stock prices still ...
The IRS Has New Tax Rules for State Payments. What They Could Mean for You.
The Internal Revenue Service on Friday gave the green light to taxpayers in 21 states who had been waiting for the agency to clarify the taxability of certain state payments before filing their federa...
Brazil’s oldest bank form partnership with a crypto platform for easy tax filing
Banco do Brasil, the oldest bank in Brazil, is creating a tax payment solution for citizens holding digital assets in Bitfy, a payments platform serving users in Latin America, according to a statemen...
Brazil’s Banco do Brasil Now Allows Tax Payments in Crypto
9 seconds ago | 2 mins read Bitcoin News Banco do Brasil has partnered with payments firm Bitfy. Taxpayers will be able to see their tax bill by scanning a barcode. To make paying taxes easier, a prom...
K-1 and K-3 Tax Forms Will Be A Hassle This Year. What to Do About It.
It’s an annual ritual for some investors: watching others file their tax return and pocket their refund while you wait, and wait, for the Schedule K-1 tax forms needed to complete your taxes. Partners...
Where and how to charge an electric car for free, and will the IRS give me a tax break on my Super Bowl gambling losses?
Hi, MarketWatchers. Don’t miss these top stories. Skip the candy and flowers on Valentine’s Day for this valuable gift that won’t cost you a penny Your time and attention is much more meaningful and b...
Sunak’s tax blunders prove it – Liz Truss was right all along
Liz Truss – AP Photo/Frank Augstein, File The return of Liz Truss to the political fray has inevitably sparked a barrage of derision and outrage. The former prime minister has been widely critic...
Brazil’s oldest bank says you can now pay your taxes with crypto
Banco do Brasil, the South American country’s oldest bank, says it’s now possible to do what many blockchain enthusiasts have long wanted — the ability to pay the taxman in crypto. T...
Biden blasts Big Oil’s record profits amid the ‘energy crisis’ — proposes quadrupling the tax on buybacks. Here’s how much the 3 giant US-based producers made in 2022
‘It’s outrageous’: Biden blasts Big Oil’s record profits amid the ‘energy crisis’ — proposes quadrupling the tax on buybacks. Here’s how much the 3 giant US-b...
Victim of crypto ransomware? Here’s what to do
In recent days, the mainstream news channels have featured, quite sensationally, the hacker attack on a number of institutional websites, Italian and others, which hackers from all over the world alle...
IRS says it won’t tax California’s Middle Class Tax Refund
The IRS said taxpayers won’t need to report California’s Middle Class Tax Refund as income on their 2022 return. (Kent Nishimura / Los Angeles Times) Relax, Californians — the Middle Class...
Only 58% of American crypto investors reported tax returns in 2022 – CoinLedger
Ad A survey of U.S. crypto investors found that 58% of the sample size reported crypto holdings on their taxes in 2022 — up 4% year-over-year — while 31% did not report and 11% of the sample size decl...
Russia Gives Tax Incentives to Crypto Miners
In the most recent months, the cryptocurrency mining business has been met with moratoriums in several regions of the United States and Canada. Those who wish to invest in cryptocurrency mining may no...
IRS warns taxpayers to hold off filing returns in 20 states as it checks if it can tax special refunds
Well, so much for early promises by the IRS that taxpayers could expect to “experience improvements” as they file their 2022 returns this year. Taxpayers in more than 20 states were warned...
Sixers Duck Luxury Tax, Round Out Rotation With Matisse Thybulle-Jalen McDaniels Trade
CHARLOTTE, NORTH CAROLINA – JANUARY 14: Jalen McDaniels #6 of the Charlotte Hornets guards Jayson … [+] Tatum #0 of the Boston Celtics in the first quarter during their game at Spectrum Ce...
IRS tells taxpayers in 22 states to hold off on tax filing
The IRS is asking millions of taxpayers in 22 states including California and Colorado who received tax rebates last year to hold off on filing their taxes. The reason: The agency said it is seeking t...
Unwind The LIHTC, Create Tax Benefits For Builders And Families
The LIHTC isn’t efficient; make it easier to use for people who build and live in housing. getty There is no doubt that over its 36-year life that the Low Income Housing Tax Credit (LIHTC) has h...
ConsenSys releases statement of support for continuation of the Jarrett tax case
ConsenSys issued a statement Feb. 7 in support of the appeal of the Jarrett v. United States case concerning the taxation of staking rewards. The case originated in a dispute over a refund of about $4...
Record-Breaking Cryptocurrency Adoption Leads The IRS To Release New Reporting Requirements
WASHINGTON, DC – APRIL 15: The Internal Revenue Service (IRS) building stands on April 15, 2019 in … [+] Washington, DC. April 15 is the deadline in the United States for residents to file...
Biden Urges Congress To Pass New Billionaire Tax In State Of The Union—But It’s Destined To Fail
Topline President Joe Biden called for a new minimum tax targeting billionaires in his State of the Union address Tuesday night, as part of a White House plan to ensure wealthy Americans and large bus...
Your State Of The Union Address Tax Cheatsheet
President Joe Biden will deliver the 2023 State of the Union Address tonight, on Tuesday, Feb. 7, 2023, at 9:00 p.m. EST. The President is expected to stress what he deems to be the successes of his a...
Introducing CoinTracker Connect: The Collaboration Hub Streamlining Engagement Between Tax Professionals and Taxpayers
Coinbase is the First Company to Enhance the Tax Filing Process for Tax Pros and Crypto Users Through CoinTracker Connect SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency...
Binance Launches Tax Calculator, Crypto Daily TV 7/2/2023
In Todays Headline TV CryptoDaily News: Bitcoin’s rally stalls. Bitcoin’s 2023 rally is stalling after coming tantalizingly close to forming a trading signal last seen when the token was setting recor...
Binance launches Binance Tax in France
Binance offers a huge relief to crypto traders, especially day traders who deal with thousands of transactions every year. The launch of Binance Tax in France gives customers a tool to calculate their...
Binance Launches Tax Tool for Crypto Traders in France and Canada
Binance’s new tax tool will let users calculate the tax associated with their crypto trading activity. The new tool, which can reportedly support up to 100,000 transactions, will allow users to downlo...
Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations
Because the tax season is just around the horizon for many nations, businesses in the cryptocurrency sector will need to be ready to assist their customers in complying with the requirements that are ...
Why Biden’s 4% buyback tax could boost stock prices and dividends
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. It might even actually help it. I’m referring to the new 1% excise tax on share repurchases that w...