UK taxpayers must for the first time split out profits from crypto when filing their tax returns, the government said today. “The government is introducing changes to the Self Assessment ...
Tag: Taxpayers
Robert Kiyosaki slams Biden over claiming bailouts won’t cost taxpayers anything
After warning that government bailouts to the recently collapsed banks in the United States could flood the economy with more “fake money” in the form of the U.S. dollar, Robert Kiyosaki has criticize...
President Biden assures taxpayers SVB and Signature Bank losses contained
President Biden has assured the senate banking committee that taxpayers will not bear the brunt of any potential losses incurred by SVB Financial Group and Signature Bank, in response to concerns abou...
How British Taxpayers Have Saved Movie Studios $5.8 Billion
The Oscars take place tonight (Photo by Kristian Dowling/Getty Images) Getty Images Grateful winners at tonight’s Academy Awards are once again battling the clock to thank as many people as poss...
Wall Street — not taxpayers — will pay for the SVB and Signature deposit relief plans
WASHINGTON — Plans announced Sunday to fully reimburse deposits made in the collapsed Silicon Valley Bank and the shuttered Signature Bank will rely on Wall Street and large financial institutions — n...
Supreme Court To Decide If IRS Can Secretly Access Bank Records
Fresh off a new injection of $45 billion to ramp up its enforcement efforts, the IRS is calling on the U.S. Supreme Court to allow its agents to secretly obtain financial records, without ever notifyi...
Taxpayers can now respond to 9 IRS notices online
Hoxton/Sam Edwards | Getty Images After kicking off tax season with customer service and technology upgrades, the IRS this week unveiled a new option allowing taxpayers to respond more easily to certa...
Biden’s IRS Nominee: Agency Will Increase Audits of Wealthy Taxpayers
President Joe Biden’s nominee to lead the Internal Revenue Service pledged to increase scrutiny of certain wealthy taxpayers at his confirmation hearing Wednesday before the U.S. Senate Committee on F...
Lawmakers Consider Whether Taxpayers Should Foot The Bill For Remote State Workers
Woman working home writing and taking notes at the beach getty American workers are becoming fond of flexible work schedules—but are we willing to foot the bill for them? That’s a question currently p...
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...
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...
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...
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...
IRS reminds taxpayers of crypto income reporting ahead of 2022 filing
With the deadline approaching for filing the 2022 federal income tax return, the Internal Revenue Service (IRS) — an enforcement agency of United States federal tax laws — released a list of reporting...
Taxpayers’ $36 Billion Pension-Fund Bailout Comes With One Thin String Attached
The government’s rescue of private pension plans comes with few strings attached. Illustration by Fernando Capeto for Forbes; Photos by Klaus Vedfelt/Getty Images; Westend61/Getty Images Here’s ...
Millions of U.S. taxpayers still waiting for their refunds
Millions of U.S. taxpayers are still waiting for their returns to be processed, with an already massive backlog at the IRS growing even larger in the past year, according to a new report from a govern...
Mispriced Municipal Bonds Cost Mutual Fund Shareholders And Taxpayers Billions Of Dollars
Money Flow in Black Hole extreme closeup getty In a market where at least 99% of trillions of dollars of fixed income securities have no trades to offer price discovery and the financial data to asses...
Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million
Advertisement     After causing great excitement upon its launch last year, El Salvador’s Bitcoin experiment has come under fire, particularly with the Chivo wallet, w...
‘Ideological attacks on ESG investing defy the free market–and taxpayers are losing out. Here’s why we consistently beat Republican-led states in nearly every economic category’
Environmental, social, and governance–or ESG–investing is the latest target of Republicans who want to push their backward agenda at the expense of taxpayers. It’s a method of investing that prioritiz...
What ‘millionaire tax’ plans on California, Massachusetts ballots mean for taxpayers
How states plan to spend ‘millionaire tax’ revenue While the proposed taxes sound similar, there are differences in how each state plans to use the revenue. In Massachusetts, assuming vot...
Small Muni Issuers See A Potential 620% Windfall For Their Taxpayers
Currently pending before the Senate, the Financial Data Transparency Act (S. 4295 – “FDTA”) is legislation taking financial reporting by companies and municipalities to the next level. It ushers in th...
U.S Court Issues John Doe Summons to Taxpayers that Failed to Remit Crypto Taxes
The United States District Judge, Paul G. Gardephe has granted permission to the Internal Revenue Service (IRS) to issue what is called a John Doe summons on M.Y. Safra Bank to release information abo...
New Government Contracts Bill Fleeces Taxpayers Bi-Partisan Style
A little noticed Senate bill entitled the “AGILE Procurement Act” (S. 4623) is a classic illustration of large business interests hijacking government contracting policy in the name of promoting small...
‘Consequences for taxpayers’: Here’s how much President Biden’s student loan forgiveness plan could cost you. (Hint: It’s in the thousands.)
‘Consequences for taxpayers’: Here’s how much President Biden’s student loan forgiveness plan could cost you. (Hint: It’s in the thousands.) President Joe Biden has some good news if you are und...
IRS Cancels Millions Of Penalties And Will Issue Refunds To Taxpayers Who Already Paid Them
The IRS has announced widespread penalty relief for those who filed late during the Covid-19 … [+] pandemic. getty Given the pandemic, did you file your 2019 or 2020 tax returns late? It happene...
IRS Forgives Penalties For Millions Of Taxpayers Who Filed Late—Here’s Who Qualifies
Topline The Internal Revenue Service said Wednesday it will waive and refund penalties for Americans who filed their 2019 or 2020 tax returns late, as the agency struggles with a massive Covid-imposed...
Opinion: Ford’s pact with Chinese EV battery maker is a sucker punch to American taxpayers
Virginia Governor Glenn Youngkin made national headlines recently when he rejected a Ford Motor F, +1.30% factory in a struggling part of the state, owning to Ford’s partnership with Contemporary Ampe...