Tag: Taxes
What to know before filing business taxes for the first time
In 2021, amid the ongoing pandemic and "Great Resignation," Americans filed a record 5.4 million applications for new businesses, according to data fr [...]
What You Need to Know About Taxes Before You Claim Your Next Airdrop
While crypto airdrops are often considered to be "easy money," they also come with responsibilities.In recent months, projects like Ethereum Naming Se [...]
Sunak ‘firmly believes in lower taxes’ ahead of tax rise
"The chancellor may say he 'believes' in low taxes in his lecture - but the hard facts are that Sunak has hit households and business with 15 tax rise [...]
5 Things to Remember When Paying Your NFT Taxes
This is a scenario with little guidance from the IRS. Based on precedent, airdrops like this will be taxed as ordinary income (i.e., short-term capita [...]
How to Avoid Getting Rekt by Crypto Taxes
If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill.
www.coindesk.com [...]
Taxes Are a Wild Card for Public Companies Holding Crypto
Block Inc., formerly known as Square, made modest bitcoin investments totaling $220 million during 2020 and 2021. Since then it has recorded impairmen [...]
How Crypto Will Change Paying Taxes
But if you're an original crypto enthusiast who comes from the early Wild West days when crypto was too complex for governments, central banks and cor [...]
What to know about filing a 2021 tax return if you own a business
Samuel Corum/Bloomberg via Getty ImagesRules around small business taxes have changed significantly in the last two years. This year is no exception a [...]
Super Bowl betting to top $7.6 billion. Don’t forget taxman if you win
Algerina Perna | Baltimore Sun | MCT | Getty ImagesIf you plan to drop money on a Super Bowl bet this weekend, remember the IRS will be looking for it [...]
IRS court settlement doesn’t clarify crypto staking taxes
In May 2021, a Nashville couple known as the Jarretts filed a lawsuit against the United States Internal Revenue Service (IRS) over taxes they had pai [...]
Kazakhstan proposes power price hikes and taxes targeting crypto miners
The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could m [...]
The Battle to Change How the IRS Taxes Mining and Staking
Two Tezos stakers sued the IRS to get back taxes paid on property they say they created through staking. The IRS offered to pay them back but didn’t c [...]
Rishi Sunak: My ambition to cut taxes in future
The chancellor has said the government had "already started cutting taxes, and it was his ambition to carry on with that.Asked by the BBC's Laura Kuen [...]
‘Tax-cutting Conservatives’ raising taxes – Starmer
Labour leader Keir Starmer has asked the prime minister why the self-described "tax-cutting Conservatives" are raising taxes for working people. Boris [...]