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READ: Trump's business taxes released by House Ways and Means The House Ways and Means Committee on Friday released six years’ worth of former President Trump’s tax returns, totaling more than 45 documents with hundreds of pages. The reveal comes after a years-long battle to release the information. Here are a look at Trump’s business…
What to look for in Trump’s tax returns Democrats released six years of former President Trump’s tax return information last week as part of reports into the presidential audit program, revealing that the former president wasn’t receiving regular audits from the IRS and that he was reporting big business losses every year. On Friday, Trump’s…
“Cheer IRS’s delay of Congress’ ugly rule socking the gig economy — but it should die entirely” Joe Biden talks a good game about making the wealthy pay their “fair share” of taxes and building the economy “from the bottom up and the middle out,” but his actions often sock the little guy instead. Like…
“Team Biden is using the IRS to attack the gig economy” Sorry, hipsters. A recent tweet says it all. “Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.” The Biden administration is recruiting 87,000 IRS agents,…
” IRS prepares for an increase in crypto cases in the upcoming tax season “ The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community. According to a report from Bloomberg Law, the division chief Jim Lee said they are preparing…
Debt ceiling showdowns are ready for comeback with GOP majority House Republicans are looking to use a vote on raising the debt ceiling, a must-pass measure to avoid stark economic consequences and damaging credit of the United States, to get concessions on spending cuts if they win control of the chamber in the midterm elections. …
” Before ETH drops further, set some money aside for surprise taxes “ Ethereum’s Merge dominated the crypto world in September with promises of quicker transaction times, improved security and a 99% reduction in energy consumption. However, will you end up with a surprise tax bill too? Let’s examine. During the Merge event, the Ethereum…
” IRS to summon users who don’t report and pay tax on crypto transactions “ With the crypto community growing bigger and as trading volumes reach new highs, the United States is also making more effort to ensure that its Internal Revenue Service (IRS) could properly collect cryptocurrency tax. U.S. Attorney Damian Williams, Deputy Assistant…
” Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K “ Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but…
“How many of us will be targeted by Biden’s gun-wielding IRS?” An audit notice from the IRS is scary. Up to 87,000 more IRS agents in the “Inflation Reduction Act” President Joe Biden signed Tuesday is troubling. And the IRS stockpile of 4,600 guns and 5 million rounds of ammunition is downright unnerving. How many of the new agents…