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Tag: Taxes
Which is Better for Your Taxes?
turbotax vs cpa Filing taxes is one American pastime that many Americans dread. With so many complicated forms, rules and tax rates, most taxpayers need assistance to complete their returns. While som...
Vanguard to Pay Massachusetts Investors Millions Over Target-Date Fund Tax Hit
Vanguard will pay $6.25 million as part of settlement with Massachusetts’ state securities regulator over allegations that changes it made to certain target-date funds stuck investors with unexpectedl...
Canton Ticino accepts Bitcoin to pay taxes
After Lugano, Canton Ticino is now also accepting Bitcoin (BTC) through a digital platform active as of today, 7 July 2022, allowing citizens to pay certain administrative fees with the queen of crypt...
Toyota Loses Big Advantage to Tesla and GM
Toyota (TM) – Get Toyota Motor Corporation Report is on one knee. The Japanese automaker has enjoyed a big advantage for a long time, enabling it to seduce consumers interested in less polluti...
Indian Crypto Taxes Crush Trade Volumes as Local Exchanges Eye Exodus
Trading volumes across crypto exchanges in India have plummeted after a new transaction tax law was recently enforced. On July 1, 2022, the Indian Government legislated a 1% tax (called TDS, or Tax De...
Doing a Roth Conversion Like This Can Minimize Your Taxes
SmartAsset: Doing a Roth Conversion Like This Can Minimize Your Taxes One of the costs of converting a traditional IRA to a Roth IRA is how much you will pay in taxes. In some cases, those taxes can b...
Indian crypto trading volumes slump following hefty taxes
Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country. The Tax Deducted at Source (TDS) came into eff...
Tax Agency Starts Checking Crypto Traders in Romania – Taxes Bitcoin News
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body ...
The Country May Be Close To A Recession, But These States Are Still Growing
WASHINGTON, DC – FEBRUARY 22: U.S. President Joe Biden participates in a virtual meeting about … [+] mineral supply chains and clean energy manufacturing in the South Court Auditorium of t...
Tax bill for Vermont winner of Powerball $366.7 million jackpot
If you’re holding the winning ticket for Powerball’s $366.7 million jackpot, don’t forget about your silent partner: Uncle Sam. After rolling higher for about two months of three wee...
Russian Parliament Adopts Tax Rules for Digital Assets – Taxes Bitcoin News
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, th...
Pay Fewer Taxes on Your Retirement Income With This Withdrawal Strategy
A woman looks over her retirement accounts on her laptop. A Fidelity analysis shows that a proportional withdrawal strategy can result in fewer taxes paid throughout retirement. Looking to pay fewer t...
Russian Lawmakers Approve Draft Law Amending Crypto Taxes
Lawmakers in Russia have approved a draft law potentially removing value-added tax from the issuance of digital assets and cryptocurrencies. The draft law, which establishes tax rates on income earned...
FCA investigates Wise CEO Kristo Kaarmann over tax default
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authori...
Gas-Tax Holiday Is a Gimmick. Here Are Some Better Ideas.
President Biden’s proposed gas-tax holiday is both a gimmick and dead on arrival. Yet, it is attracting inordinate attention across Washington and on Wall Street. There are viable ways to improve ener...
Australia Makes a Major Decision, Exclude Bitcoin And Co From Foreign Currency Taxes
– Advertisement – Australia makes a major decision about cryptocurrency tax regulations. The government of Australia has provided official confirmation that virtual currencies would not ...
I Got Public Service Loan Forgiveness, Now What?
courtesy of Getty Creative. getty The past few months have brought some pretty eye-catching trends and headlines where our collective finances are concerned. These days, you can’t go far without bumpi...
Worried About Getting Slammed With Inheritance Taxes? Do This
When a loved one dies, there are a lot of things to worry about, from planning the funeral to dealing with your own emotions. As is often the case though, money is a major part of the calculus of life...
Kazakhstan Enforces New Crypto Mining Taxes
Kazakhstan is all set to begin taxing crypto miners. New regulations were passed in the country’s capital of Nur-Sultan (previously known as Astana) that will require all digital currency miners to pa...
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday. Since launc...
IRS boosts mileage rate deductions as gas prices soar to $5 a gallon
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images If you’re self-employed or own a sma...
These Reforms Would Increase Economic Growth And Help Alleviate Inflation
The high price of gasoline is displayed at a Los Angeles gas station on November 24, 2021. – With … [+] inflation surging ahead of the Thanksgiving holiday, US President Joe Biden has draw...
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600 – Taxes Bitcoin News
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service...
India Planning To Introduce Comprehensive Guidelines for Crypto Taxes ⋆ ZyCrypto
Advertisement     Following the tax proposals through the Union Budget 2022-23, the Indian government is now planning to issue comprehensive guidelines on various taxe...
India’s GST Council will Discuss Cryptocurrency Taxes in June Meet
5 hours ago | 2 mins read Editors News The meeting proposed to levy a 28 percent GST on cryptocurrencies. India plans to implement reverse charge GST on users who use overseas crypto sites. On Tuesday...
Gold Coast Mayor Working Towards Bitcoin Payments For Local Taxes
Australia’s Gold Coast Mayor takes a step towards crypto tax as he plans Bitcoin payments for local taxes. Despite the criticisms raised by some folks on Bitcoin (BTC) volatility, the Mayor seem...
Crypto Payments For Local Taxes In The Works, Australian Mayor Says
Gold Coast is one of the leading cities in Australia in terms of crypto acceptance. Mayor Tom Tate stated on Monday that city residents might pay taxes and rates using cryptocurrencies in the coming m...