Cecilie Arcurs | Getty Images There’s about one month until the Oct. 17 tax deadline extension, and experts say filers need to prepare, especially for more complicated returns. An estimated all-...
Tag: Taxes
How to avoid a penalty by making quarterly tax payments by Sept. 15
If you haven’t been sending part of your income to the IRS in recent months, this week is the last chance to avoid a tax penalty. The deadline for third-quarter estimated taxes is Sept. 15, appl...
How to Get Uncle Sam to Contribute to Your Retirement Savings
What is the Savers Credit? And how do you qualify for this special tax credit? Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Pa...
With inflation, many retirees will pay more federal income taxes
The federal income tax is generally indexed for inflation. Most particularly, the income brackets to which the marginal tax rates apply are increased in line with the “Chained CPI-U.” While the chaine...
You may owe taxes for federal student loan forgiveness in these states
Marko Geber | DigitalVision | Getty Images If you’re one of the millions of Americans expecting student loan forgiveness, you won’t owe federal taxes. But that doesn’t mean you’...
Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes – Sponsored Bitcoin News
sponsored The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime ...
Backdoor Roth IRA: Pros, Cons, and Examples
Contents If your income exceeds the limits to contribute directly to a Roth IRA, you may have heard about the so-called ‘Backdoor Roth IRA,’ which allows traditional IRA conversions to Rot...
Do You Have To Pay a Relative’s Taxes After They Die?
Last will and testament When a loved one passes away, it can be an emotional experience. Unfortunately, handling the deceased’s finances can add to this stress. While most people know that you need to...
DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million – Taxes Bitcoin News
The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “allegin...
The IRA: What Hath Washington Wrought?
US President Joe Biden signs the Inflation Reduction Act. (Photo by MANDEL NGAN / AFP) (Photo by … [+] MANDEL NGAN/AFP via Getty Images) AFP via Getty Images This is the first of a three-part se...
Suit: Michael Saylor, MicroStrategy Owe $100M+ of Damages From Back DC Taxes
The District’s attorney general is trying to recover taxes on what the offices alleges could amount to more than $100 million of income from Saylor Saylor stepped down as CEO of MicroStrategy, the lar...
Residents of Mendoza Province to pay taxes and fees using cryptocurrencies
Join Our Telegram channel to stay up to date on breaking news coverage The rate of cryptocurrency adoption in Argentina has skyrocketed over the past year, and the government is now looking for a way ...
Japan proposes easing crypto taxes in a bid to strengthen the economy
Japan’s regulator, the Financial Services Agency (FSA), is proposing easing the corporate crypto tax in the country to strengthen the economy in line with Prime Minister Fumio Kishida’s vision. Under ...
Mendoza Province Now Accepting Crypto For Taxes
New Mendoza Tax Administration crypto payment service turned in life Citizens can pay through the portal on the ATM website Argentina’s unstable economy has seen major adoption of cryptocurrencies In...
Jim Douglas, Successful Republican In Liberal Vermont, Talks Taxes, Bernie, China, “Woke” Middlebury
In 2010, then Vermont Governor Jim Douglas, left, with President Barack Obama at the White House in 2010. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Barack Obama; Jim Douglas Bloomber...
Argentina Wine Producer Mendoza Province Adopts Crypto Payments To Receive Taxes
Although the crypto market has been facing tough times with Fed adding fuel to the fire with its hawkish approach to the industry, some countries have shown an incredible interest in digital assets si...
Argentina: Mendoza now accepts Bitcoin to pay taxes
The South American province of Mendoza, in western Argentina, has decided to accept Bitcoin and other cryptocurrencies for tax payments. Specifically, this is the Mendoza Tax Administration (ATM), whi...
Argentina’s wine-making haven now accepts crypto as tax payment
Residents of Argentina’s wine-making mecca Mendoza can now pay taxes and fees using cryptocurrency. The government of the province of Mendoza — which includes the desert city of the same name an...
Argentinean Province Allows Residents to Pay Taxes in USDT (Report)
The authorities of the Mendoza province reportedly enabled citizens to pay government fees and taxes in cryptocurrencies. The region’s tax administration described the move as “the strategic objective...
Argentina’s Mendoza province now accepting crypto for taxes and fees
In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies. In a Saturda statement, the Mendoza T...
The Investor’s Guide to Crypto Taxes
Crypto mining creates ordinary income equal to the fair market value of the cryptocurrency on the day received — any subsequent change in value causes capital gain or loss when the miner sells the cry...
Japan to Reconsider Taxes for Crypto Companies to Curb Outflow – crypto.news
The Japanese government could reassess the corporate crypto tax regulations which will start in 2023. The Financial Services Agency (FSA) and the Ministry of Economy, Trade, and Industry (METI) report...
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may sti...
Senators Strive for No Taxes on Small Crypto Transactions
A handful of lawmakers in the U.S. are pushing to do away with crypto taxes on small transactions. Will Crypto Taxes Become a Thing of the Past? Right now, capital gains taxes are required on all cryp...
IRS refunding $1.2 billion in late-filing fees for nearly 1.6 million
Ekaterina Goncharova | Moment | Getty Images The IRS on Wednesday announced it will waive penalties for many Americans who late-filed tax returns during the pandemic. Nearly 1.6 million filers will au...
Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K
Bitcoin and ether traded sideways. Bitcoin was recently changing hands at about $21,500, up a few fractions of a percentage point over the past 24 hours. After plunging late last week, the largest cry...
Indonesia Rakes in Approximately $6.8m Monthly from Fintech & Crypto Transaction Taxes
Since the rollout of fintech and crypto transaction taxes in May, Indonesia has amassed nearly $6.8 million, according to the nation’s tax compliance special staffer Yon Arsal. During a recent retail ...
What $80 Billion More for the IRS Means for Your Taxes
The last Tax Report came out just as Congress took up the Inflation Reduction Act, and it discussed the bill’s $80 billion in proposed new Internal Revenue Service funding. Over half the new dollars w...