[ad_1] According to another forfeiture complaint, al-Qaeda and affiliates used Telegram and other social media channels to solicit Bitcoin donations. In some cases, the groups allegedly pretended to act as charities. Agents uncovered 155 cryptocurrency accounts linked to that terrorism fundraising campaign. As for ISIS, someone tied to the group allegedly ran a COVID-19 protective […]
Category: irs
The IRS won’t ask you to report ‘Fortnite’ V-Bucks on tax returns
[ad_1] The tax forms won’t clarify matters, though. Schedule 1 in Form 1040 asks taxpayers if they have “any financial interest in any virtual currency” without a definition or an indication of what to do next. While many will check with the IRS for a clarification or simply assume the tax bureau is referring to […]
Tax prep companies can’t hide their free filing software from Google anymore
[ad_1] This week, the Internal Revenue Service (IRS) announced changes that will hopefully make it less stressful for a lot of Americans to file their taxes in 2020. In an addendum to the almost 20-year-old Free File agreement, the agency has put new protec… [ad_2] Source link
Tax prep companies can’t hide their free filing software from Google anymore
[ad_1] Moving forward, the addendum prohibits TurboTax maker Intuit and the other nine companies that make up the Free File Alliance from “engaging in any practice” that would prevent their free software from showing up on Google or any other search engine. Additionally, all 10 companies must now stick to a standardized naming scheme so […]
IRS reminds 10,000 taxpayers that cryptocurrency is subject to taxes
[ad_1] In a press release, IRS Commissioner Chuck Rettig said: “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties. The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing […]