I know everything I am looking for is here, watch movies, watch series, education, games, exams, news, current events and many more.
“# 3 things every NFT investor should know to avoid a tax nightmare ” 2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume. The rise…
“# US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200 ” A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under $200. According to a Tuesday draft of the Virtual Currency Tax Fairness Act of 2022, Washington Representative Suzan DelBene is…
“# Court victory precedent: IRS may not tax staking rewards until sold ” A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to an end with the Internal Revenue Service (IRS) agreeing to issue them a refund. The decision may set a precedent for future guidance on…
“# IRS special agent: Crypto’s the future but there are ‘mountains of fraud’ ” A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still rampant in the space. Ryan Korner from the IRS Criminal Investigation’s Los Angeles…
“#Uber Eats withheld more than $11K owed to NYC restaurant over $500 IRS debt” For two months, Uber Eats withheld takeout order proceeds worth more than $11,000 from International Wings Factory, a popular chicken joint on Manhattan’s Upper East Side. The reason? An unpaid bill of $498.97 from the Internal Revenue Service. The IRS contacted…
“# Coinbase, PayPal join TaxBit Network for free crypto tax forms ” Crypto tax compliance firm TaxBit is working to unite major industry companies like Coinbase and Binance.US within one network to enable free 2021 tax forms for users. The crypto tax software provider on Tuesday launched the TaxBit Network, a certified network aiming to…
“# Things to know (and fear) about new IRS crypto tax reporting ” The Infrastructure Investment and Jobs Act (H.R. 3684) put crypto in the crosshairs, where Congress and the Internal Revenue Service (IRS) hope to scoop up enormous tax dollars. This reporting regime is projected to rake in an astounding $28 billion over the…
“# President Biden signs infrastructure bill into law, mandating broker reporting requirements ” After months of scrutiny from both the United States Senate and House of Representatives, the infrastructure bill — criticized by many crypto advocates — is now officially the law of the land. In a ceremony in front of the White House on…
“# The major tax myths about cryptocurrency debunked ” Crypto and taxes may not be a match made in heaven, but taxes seem inevitable, and the United States Internal Revenue Service (IRS) has made it clear it is going after people who don’t report. With IRS summonses to Coinbase, Kraken, Circle and Poloniex, plus other…
“# Binance hires former IRS-CI special agent to head intelligence division ” Cryptocurrency exchange Binance has hired a former United States Internal Revenue Service agent to head its new intelligence division, a strong indication that the company is looking to bolster its compliance resources. Tigran Gambaryan joins Binance as vice president of global intelligence and…