Tag: Taxes
Cash-rich states are slashing taxes amid revenue windfalls
Anchiy | E+ | Getty ImagesAnd this year, at least a dozen states have made cuts or are eyeing reductions, including both temporary and permanent measu [...]
New Jersey governor floats property tax relief for homeowners, renters
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey.Eduardo Munoz Alvarez | Getty ImagesProperty tax rel [...]
How are cryptocurrency taxes reported?
Cryptocurrencies are treated differently than standard assets, which, when combined with the limited CPA resources with extensive knowledge on crypto [...]
Swiss city of Lugano to pay taxes in crypto via Tether partnership
The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new coll [...]
5 Essential Questions About Crypto Taxes
While this shift has been helpful, fundamental issues remain unsettled; crypto activities, including transfers to wallets and the exchange of one digi [...]
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 [...]