A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish ...
Tag: Taxation
taxation and cryptocurrencies in 2023
As everyone knows by now, the Finance Act passed at the end of December 2022, introduced several new tax provisions for those who earn income from what is called crypto assets. Net of all discussions ...
Biden’s budget wants tax hikes, but expiring Trump tax cuts are the big showdown
For five years, most Americans have seen lower income-tax rates and tapped a bigger standard deduction, but without congressional action before the end of 2025, the rules could still revert to levels ...
Thailand Excludes Firms Issuing Digital Tokens From Taxation
46 seconds ago | 2 mins read Bitcoin News Thai Cabinet decided to provide tax benefits for businesses that issue digital tokens. The exemption covers both the main and secondary markets for ICOs issue...
Capital Gains and Dividend Tax Rates for 2022-2023
Investors who have taxable accounts—as opposed to tax-favored retirement accounts such as individual retirement accounts (IRAs) or 401(k)s—are often eligible for lower tax rates on investment income a...
Moving in Retirement to Cut Tax Costs? Consider These 4 Factors First.
When an affluent suburban Chicago couple came to John Campbell, senior wealth strategist at U.S. Bank Private Wealth Management, planning to retire in New Mexico because of its weather and lower incom...
A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits
Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...
7 tax tips for seniors to make the most of your deductions
Tax filing season just opened for 2022 returns, and the IRS is already warning that average refunds may be lower since most pandemic economic relief measures are finished. That means careful tax plann...
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...
IRS says people in most states who got inflation-relief payments don’t have to report it on their taxes. Here’s where.
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine if...
Ledgible catalyzing TradFi adoption with its crypto taxation and accounting tools
The introduction of blockchain technology has brought various opportunities and innovations in the decentralized space. Along with these positive outcomes, the adoption of crypto tax has taken the blo...
Property Taxes Are Going Up; Here’s How to Lower Your Bill
Listen to article (1 minute) The cost of homeownership will rise for millions of Americans in coming weeks as new property-tax assessments arrive in the mail. Property taxes have risen across much of...
TRON lauds crypto taxation in China – is an expansion underway
TRON confirmed that it sided with the idea of taxing cryptos if it supported healthy growth. The latest FOMC meeting could result in TRX’s upside. The harsh events of the crypto market in 2022 have ce...
Ledgible maneuvers crypto taxation to facilitate the institutional adoption of crypto
For a long time, institutional investors have hesitated to engage in trading cryptocurrency and prefer to just observe due to the chaotic and volatile nature of the crypto market. As time went on, the...
Abhinav R. Soomaney Has Written a New Crypto Taxation Book
Author and crypto expert Abhinav R. Soomaney has a new book out called “Cryptocurrency in a Nutshell.” In the composition, Soomaney discusses a big topic in the crypto space: taxation. A New Crypto Ta...
Where Are the Crypto OGs? — Taxation Is Theft, but Joe Biden Needs Ice Cream Money – Op-Ed Bitcoin News
Bitcoin was once viewed as a means to opt out of violent, legacy financial systems. Now, it is being co-opted by the very same, and zealous newcomers to crypto think that’s a good thing, while still g...
The Window to Capture a $7,500 Electric-Vehicle Tax Credit May Be Closing. How to Snag It.
Americans are flocking to electric vehicles, pushing sales up 127% over the past two years. To sweeten the deal, the federal government is offering a tax credit of up to $7,500 for EVs and other “clea...
NFT Transaction Tax Rules Updated By Japanese Taxation Agency
Japan’s National Tax Agency has published an updated guideline related to the taxation of NFTs. Among other things, NFT transactions in blockchain-based games will be subject to taxation. Japan’s Nati...
IRS says ‘Tax Day’ will be different this year — put these important tax dates on your calendar
It’s not too early to start thinking about your 2022 income-tax return, if you can bear the thought. That’s because the tax-filing season is scheduled to start on Monday, Jan. 23, the Internal Revenue...
Upstart starts to move up following the new amends in the Taxation structure
US to implement a Fair Tax Act . IRS to be abolished under the agreed bill. UPST stock prices rose by 5.42% in the past 24 hours. Upstart Holdings Inc. (NASDAQ: UPST) has escalated by more than 5% i...
Crypto taxation: the new budget law
A true marathon in which there was no shortage of obstacles, even of a procedural nature in the path of approval, mostly due to skirmishes in the courtroom between political forces in opposition and t...
Opinion: Opinion: Trump’s low tax payments are what happens with a too-complex tax code
People tend to have one of two reactions to the revelation that former President Donald Trump paid little to no taxes in recent years: He’s either an amoral tax cheat or he’s smart. To me, it reveals ...
Democrats release six years of Trump’s tax returns, and CPAs have questions: ‘The personal tax return is just the tip of the iceberg.’
The nonpartisan committee’s findings also raised several red flags related to the filings, namely Trump’s carryover losses, loans to his children that may or may not also be considered taxable gifts, ...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...