This year, the crypto market has experienced much more dips than peaks. Cryptocurrency experts fear this will happen due to its volatility. Nonetheless, the stock prices of a few well-known bitcoin fi...
Tag: Tax
2023 Poised To Be A Third Straight Year Filled With State Tax Relief
Income tax cutting legislation continues to be introduced in state capitals. getty Wealth tax legislation introduced in multiple state capitals in late January is noteworthy not only because of the un...
Tax credits vs. tax deductions: How they differ
D3sign | Moment | Getty Images It’s tax season, and households are confronted by a lot of tax jargon when preparing their returns. Two types of tax breaks stand out among all the lingo: credits ...
Crypto tax firm CoinTracker cuts 20% of staff a year after $100M round
Cryptocurrency tax company CoinTracker has laid off 19 employees representing approximately 20% of its workforce. This is according to an internal email reviewed by Protos and confirmed by a statement...
How to handle cryptocurrency losses on your 2022 tax return
A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Crypto losses can offset inves...
IRS Sends Crypto Tax Reminder, Crypto Daily TV 30/1/2023
In Todays Headline TV CryptoDaily News: South Korea plans to introduce crypto-tracking system. The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter m...
Justin Sun: China Embraces Crypto as Reports of 20% Tax Surface
Justin Sun says China is embracing cryptos following reports of taxation on digital asset. According to Sun, Chinese regulators will further regulate the industry. China’s tax and banking authorities ...
Norway’s Temporary Tax Breaks To Bolster Oil Flows To Europe
The energy crisis in Europe triggered by the ongoing war between Russia and Ukraine has left the continent short of hydrocarbon supplies and increasingly reliant on liquefied natural gas imports. Norw...
IRS Issues Reporting Obligations For Tax Payers Regarding Crypto Dealings
25 mins ago | 2 mins read Bitcoin News IRS has specified nine cases in which the answer must be “Yes.” Taxpayers who meet the qualifications must disclose any and all gains. The Internal Revenue Servi...
Looking For A Tax Break? Buy Your Alma Mater Its Next Football Star
In the chaotic world of college sports’ Name, Image and Likeness, some booster groups that pay student-athletes to attend their favorite schools have claimed to be charitable organizations. It used to...
Abolish the IRS and the Income Tax? Some Republicans Are Having Second Thoughts
A group of arch-conservatives in the House is pushing for a vote on a bill that would eliminate federal income taxes and the IRS, but some influential Republicans are pushing back against what appears...
Crypto tax unicorn CoinTracker lays off 19 employees, citing industry gloom, ‘over-hiring’
Crypto tax unicorn CoinTracker laid off about a fifth of its staff due to market conditions. A total of 19 employees were let go from the San Francisco-headquartered crypto tax company as its le...
Best Crypto Tax Software In The United KingdomÂ
Top Crypto Tax Software in the UK Crypto Tax Software: What Is It? Crypto tax software is a program that helps you prepare taxes for your earnings on crypto assets. It allows you to calculate your pro...
Should you file your own taxes or pay someone this tax season? Here’s what to consider.
During the pandemic, we all became DIYers of everything from home renovations to portfolio managing. We even learned to bake our own bread and cut hair. But is doing your own taxes a good idea? Like a...
UK tax agency hiring CBDC head
The U.K.’s HM Treasury posted a job advert for a head of central bank digital currency (CBDC) on Indeed on Jan. 24, 2022, with a salary range of £61,260-£66,500 and a permanent 24-month contract. The ...
Can We Expect A Rationalized Tax Policy?
Indian Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on February 1. FM will present the country’s income and expenditure plans along with new announcements for the crypto comm...
These 5 Crypto-friendly US States Show Initiative on Tax Laws
Looking to the future, policymakers in Arizona referred an amendment to the state constitution in the Arizona State Legislature last week, seeking to exempt digital assets from property taxation. Foll...
Fair Tax Combines Flawed Policy With Terrible Politics
The United States Capitol building getty Congressional Republicans shouldn’t surprised they’re under attack now that the Fair Tax, a proposal to replace the federal income tax with a 30% national sale...
Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate
Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fai...
Here’s how Republicans’ proposed Fair Tax Act would work
A group of House Republicans are pushing to eliminate most federal taxes and replace them with a federal sales tax in a plan that would also abolish the Internal Revenue Service. But tax experts warn ...
Here’s why your tax refund may be smaller this year
Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you can expect a federa...
Democrats Ridicule GOP’s Proposal To Eliminate Most Taxes And The IRS — And Create One National Sales Tax Instead
Topline Democratic leaders railed against GOP-backed legislation that would scrap some taxes and replace them with a steep national sales tax on Wednesday–a bill that has virtually no chance of passin...
The $7,500 EV tax credit may be tougher to get starting in March
Maskot | Maskot | Getty Images Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentiv...
Retirement Catch-Up Contributions Get Bigger But Beware These Tax Changes
SmartAsset: Catch-up contributions get bigger – but some are taxable The benefits of aging include senior discounts, wisdom gained from experience and – when it comes to retirement saving – catch-up c...
Here are the biggest tax changes this year
Some of this year’s biggest tax changes are those tax breaks you won’t get — after pandemic-era credits expired. But the Inflation Reduction Act is ushering in a pair of tax benefits for e...
Tax season kicks off as IRS begins to deploy $80 billion in funding
kate_sept2004 | E+ | Getty Images Tax season kicked off for individual filers Monday with a bigger IRS customer service team and enhanced technology as the agency begins to deploy its nearly $80 billi...
Tesla Cuts Prices To Compete For EV Sales And Tax Incentives — Will The Discounts Be Enough To Spur Lagging Sales?
Getty Images Key takeaways Tesla announced U.S. price cuts to all its models, ranging from $3,000 to $11,000. There are multiple reasons for the cuts, including slowing sales, an EV tax credit and mor...
CoinTracker partners with bookkeeping company to ease tax filing for UK crypto investors
Crypto portfolio and tax manager CoinTracker has partnered with By The Book Accountancy to help UK crypto investors navigate the complexities of tax filing as the regulatory landscape continues to evo...
CoinTracker Partners With By The Book Accountancy to Deliver Educational Tax Filing Resources Ahead of UK Tax Season
Partnership Helps United Kingdom’s 4+ Million Crypto Users Remain Tax Compliant SAN FRANCISCO–(BUSINESS WIRE)–CoinTracker, the market leader in cryptocurrency tax and portfolio tracking for consumers,...
30% Crypto Tax Imposition Had Adverse Impact
Union Budget 2023: A unique gem in the Indian fintech landscape is cryptocurrency. India has rarely been successful in creating and growing local companies and cutting-edge technological solutions in ...