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“# Are cryptocurrency ransom payments tax deductible? ” About 2,000 years ago during its Han dynasty, China made peace with some of the nomadic people of Central Asia who continuously ransacked Silk Road traders for an easy payday. It did so in order to fully establish the Silk Road trade route, which stretched from China…
“#New poll details voters’ distrust of Big Tech, big government” Most American voters believe that five tech giants, including Facebook and Google, have too much power — but even more think the federal government has a surplus of sway, according to a new poll. A Fox News survey of 1,001 registered voters found that 63…
“# ‘I have nothing’: Imprisoned John McAfee claims his crypto fortune is gone ” Software antivirus pioneer John McAfee has told his one million Twitter followers that his entire crypto fortune is gone — although he concedes not everyone will believe he’s telling the truth. The McAfee antivirus founder has been behind bars in Spain…
“#Letters to the Editor — June 13, 2021” Fix mask hysteriaKarol Markowicz succinctly captures the irrationality that has large numbers of people who are vaccinated against COVID still behave as though they are in mortal danger of contracting the disease every time they step into a public place (“Please, NY: Unmask,” June 9). In my…
“# More IRS crypto reporting, more danger ” The United States Internal Revenue Service classifies crypto as property, meaning you can trigger taxes every time you use crypto to buy something. You might be using it to pay for a Tesla electric vehicle — oh, sorry, that’s not possible anymore — a cup of coffee…
“#The outrage of tax leaks” Funny how the “deep state” the media likes to mock works only in one direction. Read any transcripts of Joe Biden’s calls recently? If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your…
“# IRS needs congressional authority to handle crypto, says chief ” Internal Revenue Service chief Charles Rettig called out lawmakers for not taking the initiative on addressing the problem of many U.S. residents not paying taxes on crypto. In a Tuesday senate hearing on the IRS’ fiscal year 2022 budget, Rettig said that the agency…
“# Crypto couple tells court the IRS has no right to tax newly mined coins ” A couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold, in a complaint filed to federal court. The Tennessee couple are seeking a refund from the Internal Revenue Service (IRS)…
“# US lawmaker introduces bill aimed at protecting ‘forked assets’ from IRS ” Minnesota Rep. Tom Emmer has reintroduced a bill aimed at preventing the IRS from imposing penalties or fees on crypto taxpayers with forked assets. In an announcement from Emmer on Monday, the congressperson from Minnesota said he had once again introduced the…
“#Crypto exchange Binance reportedly under investigation by DOJ, IRS” Binance, one of the world’s largest cryptocurrency exchanges, is under investigation by the Justice Department and Internal Revenue Service, Bloomberg News reported on Thursday, citing people with knowledge of the matter. As part of the inquiry, the officials who probe money laundering and tax offenses have…