Taxes

WASHINGTON, Sept. 10, 2020 — U.S. House Speaker Nancy Pelosi speaks during a press conference on … [+] Capitol Hill in Washington, D.C., the United States, on Sept. 10, 2020. U.S. Senate on Thursday failed to advance a slimmed-down Republican COVID-19 relief proposal, as lawmakers remain deadlocked over the scope and size of the much

Photographer: Daniel Acker/Bloomberg © 2015 Bloomberg Finance LP Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics. For small business owners forced to close their doors for months and now still seeing dramatic drops

DULUTH, MN – SEPTEMBER 30: President Donald Trump speaks during a campaign rally at the Duluth … [+] International Airport on September 30, 2020 in Duluth, Minnesota. The rally is Trump’s first after last night’s Presidential Debate. (Photo by Stephen Maturen/Getty Images) Getty Images Following The New York Times blockbuster series on President Trump’s personal

CHINA – 2020/08/13: In this photo illustration the American newspaper The New York Times (NYT) logo … [+] is seen on an Android mobile device with United States of America flag in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images There is a good chance that the

WAUCONDA, IL – AUGUST 25: A home is offered for sale by the develper in the Liberty Lakes … [+] subdivision on August 25, 2010 in Wauconda, Illinois. (Photo by Scott Olson/Getty Images) Getty Images Of the many issues dividing President Trump and Joe Biden—climate change, mail-in voting, immigration, wearing masks in a pandemic—one of

A justice scale on a simple blue background. getty What shapes a person’s view of tax policy? Sophisticated arguments about the relative efficiency of complex proposals? Not so much. How about views of government, including the way politicians spend money after they finish collecting it? Getting closer. How about fairness, including notions of distributional equity?

getty The Irish Supreme Court has ruled that the bread used to make Subway sandwiches cannot be defined as bread. The ruling was the result of a tax case. Bookfinders Ltd, a Subway franchisee, claimed that it should be exempt from value-added tax (VAT) since many products it sells are considered “staple foods.” In the

Piggy Bank, Alarm Clock and Calculator getty Pandemic or not, the time has come for freelancers and the self-employed to be prioritized by the fintech industry. In Germany, freelancers spend an average of 25 days and €3000 ($3,510) a year attempting to organize their finances through disparate banking, accounting and tax advisory services. Due to

As we end the Q3 2020, let’s look at what happened in the past quarter in the crypto tax compliance world (What Happened In the Cryptocurrency Tax Space In Q2 2020). Infamous Crypto Question Was Moved To The Front & Center Of Form 1040 The 2020 draft Form 1040 released by the IRS on August,

Topline President Trump made over $11 million endorsing two multi-level marketing companies in the 2000s for which he and his children would later be sued for fraud, according to the New York Times, which revealed for the first time how much money the future president received for hawking the MLMs, and that those two endorsements

Rising gas prices on the Ethereum network have significantly cut into users’ profits. Luckily, if reported correctly, you can convert these burdensome gas fees into tax savings.  What Is Gas? Gas is the transaction fee you have to pay to the Ethereum network to execute transactions. Gas is measured in gwei, a subunit of the

3d illustration of two cranes building 100 dollars getty Our first glimpse of individual income tax returns affected by the Tax Cuts and Jobs Act indicates that the 2017 tax law seems to have benefited higher-income taxpayers the most and, as in prior years, the income tax is not progressive at the high end. Recently published data

churchpropertylocater.com Over the past decades, many commentators have observed declining religious attendance, particularly in small towns and rural communities. This has meant empty and underutilized churches and other religious buildings with the added burden of fixed costs. When contributions from the congregation decline (or vanish completely), this can make maintaining the property unfeasible. If the

getty Taxpayers who run into dead ends dealing with the IRS have an option few know about. It’s free, and it can be effective. After receiving answers from the IRS they think are wrong or no answer at all, most taxpayers believe they have only two choices. One choice is to give up and accept.

US President Donald Trump speaks to the press as he makes his way to board Marine One from the South … [+] Lawn of the White House in Washington, DC on September 24, 2020. – Trump is on a two-day campaign swing through North Carolina and Florida. (Photo by MANDEL NGAN / AFP) (Photo by

When I tell people that I’m a tax accountant, they invariably ask, “Is the tax law really as complicated as people say it is?”  OK, that never really happens, because as a tax accountant, I generally avoid engaging other humans in conversation. But if that question ever WERE asked, I would finally, FINALLY, have a

It’s nice to read a feel-good story like the one about an Arkansas man who found a massive 9-carat diamond in a public state park in Arkansas. Thirty-three year old Kevin Kinard found the 9.07 carat whopper in the Crater of Diamonds State Park on Labor Day. It is the second-largest ever found at the park,

There is no such thing as bad publicity. That may be what is proved by the continuing growth of the syndicated conservation easement industry in 2018 in the face of dire warnings from the IRS. According to a recent IRS report publicized by the Senate Finance Committee, the number of participants increased from 14,000 to

Uniswap is a popular decentralized cryptocurrency exchange which has gained a lot of popularity in the past few months. On September 16th 2020, it distributed a governance token called, UNI, to reward early adopters of the platform. So far, over 150,000 addresses have claimed UNI tokens.  UNI Tokens Are Taxable As Ordinary Income Per the

Topline House Democrats are likely to release a smaller coronavirus relief package sometime next week if they don’t agree to a deal with Republicans before then, according to multiple reports confirmed by House Speaker Nancy Pelosi on Thursday. House Democrats look set to introduce a smaller stimulus bill next week if an agreement can’t be