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The White House is fending off new questions about Hunter Biden, a sign of how the legal problems and personal issues of the president’s son are likely to be a lingering distraction as President Biden mounts his reelection campaign. House and Senate Republicans have consistently targeted Hunter Biden with investigations, which are expected to intensify…
House Republicans are seeking interviews with more than a dozen figures involved in the Hunter Biden investigation as part of a probe into whether there was “equal enforcement of the law.” Biden, the president’s son, agreed to a plea deal yet to be approved by a judge that charges him with failure to pay taxes…
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The due date to file a tax return this year is April 18 and it comes against the backdrop of some major structural changes in U.S. tax administration that have been a serious point of contention between Democrats and Republicans. But those changes, which will impact audits rates and help the government collect hundreds of…
” Bitcoin-friendly Cash App integrates TaxBit amid tax-filing season “ Mobile payments processor Cash App has integrated crypto tax and accounting software TaxBit into its services, giving Bitcoin (BTC) holders a more streamlined approach to reporting their taxes. As of Feb. 28, Cash App users can now keep track of their Bitcoin transactions for tax…
” ConsenSys releases statement of support for continuation of the Jarrett tax case “ ConsenSys issued a statement Feb. 7 in support of the appeal of the of Jarrett v. United States case concerning the taxation of staking rewards. The case originated in a dispute over a refund of about $4,000 that Joshua and Jessica…
” 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 requirements for the general public dealing with cryptocurrencies. Until…
Key Republicans oppose House GOP bill to abolish tax code Republican supporters of a bill aimed at abolishing the tax code as we know it are running into an early barrier in the House: their own leadership. The Fair Tax Act was thrust into the spotlight earlier this month as reports emerged that it was…
” US authorities to intensify scrutiny of crypto industry in 2023 “ Fourteen years after Bitcoin’s Genesis block launched a profound disruption in financial services and other industries through the rise of blockchain technology, United States authorities are finally becoming more interested in cryptocurrencies’ future and economic impact. On Dec. 14, the Financial Accounting Standards…
Trump tax returns raise alarms about fairness of US tax code A preliminary review of the thousands of pages of Donald Trump’s tax returns released by a key congressional committee on Friday confirms that the former president was using business losses in the tens of millions of dollars to reduce his annual tax liability, in…