Clinton Foundation whistleblowers Lawrence W. Doyle and John F. Moynihan have scored their first victory in the litigation against the Internal Revenue Service (IRS). Wall Street analyst Charles Ortel has explained what consequences it will have for the powerful political dynasty and its associates. On 8 October, US Tax Court Judge David Gustafson issued an opinion ruling that the IRS’s Whistleblower Office (WBO) had “abused its […]
IRS
14 posts
Donald Trump paid just $750 in annual federal income taxes in 2016 and 2017, according to tax records obtained by The New York Times. But even that low sum is more than Trump paid the government in other recent years, according to the Times. In 10 out of the last 15 years, Trump paid no federal income tax, citing mammoth losses. The bombshell report offers new […]
The U.S. tax department has provided guidance around crypto revenue earned from microtasks via crowdsourcing platforms, and yes, such income is taxable. Source link
Less than a year has passed since the IRS first sent taxpayers cryptocurrency “soft letters.” Source link
President Donald J. Trump invoked the Stafford act in March, authorizing federal agency funding. Source link
The Internal Revenue Service has become the second U.S. government agency to license Coinbase’s cryptocurrency tracing software, Coinbase Analytics. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Cryptocurrency users in the U.S. remember July 26, 2019, as the day the Internal Revenue Service (IRS) came out swinging. It now turns out the agency may have been hitting below the belt. That day, for the first time in its history, the IRS demanded thousands of virtual currency-holding taxpayers fess up to unreported crypto trading gains. “We have information” on your cryptocurrency accounts, the agency […]
America’s tax collector is laying the groundwork for a possible assault on privacy-enhancing cryptocurrency technologies. Source link
Leave it to the government to “accidentally” send out coronavirus stimulus checks to over one million dead people. According a report from the Government Accountability Office, the IRS sent out approximately 1.1 million checks to deceased people, because of course they did. That amounts to approximately $1.3 Billion dollars. Apparently these were sent to people who had died after filing last year’s taxes. Forbes reports: TRENDING: […]
An economic relief check distributed by the IRS to help with hardships caused by the coronavirus pandemic. It may take some time for the IRS to get through its backlog of work. Eric Gay/AP hide caption toggle caption Eric Gay/AP An economic relief check distributed by the IRS to help with hardships caused by the coronavirus pandemic. It may take some time for the IRS to […]
The Internal Revenue Service (IRS) is seeking third-party contractors to help it assess whether certain U.S. taxpayers have properly paid taxes on their crypto holdings. According to an email posted online by CryptoTrader.Tax and verified by CoinDesk, IRS Assistant Deputy Commissioner John Cardone said the agency is looking for contractors to “assist our Revenue Agents in calculating taxpayers’ gains or losses as a result of their […]
US 19:00 GMT 12.05.2020Get short URL The first three months of the year have seen record numbers of US citizenship renunciations. One expert argues that the current surge in Americans abandoning their US citizenships can be explained by two factors: tax returns and the COVID-19 novel coronavirus pandemic. A total of 2,909 Americans renounced their US citizenships within the first three months of 2020, according to […]
A letter bearing the signature of President Trump was sent to people who received a coronavirus relief payment as part of the Cares Act. Some of those payments went to the bank accounts of dead people. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images A letter bearing the signature of President Trump was sent to people who received a coronavirus relief payment as part […]