taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Fifth Third Bank Speeds Tax Refunds With Early Pay Service

Fifth Third Bank Speeds Tax Refunds With Early Pay Service
Fifth Third Bank Speeds Tax Refunds With Early Pay Service
January 09, 2023  |  Banking

Fifth Third Bank will provide customers with their federal tax refund up to five days earlier. The bank said in a Monday (Jan. 9) press...

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Italy’s 26% Crypto Tax Signals Dwindling Band of Global Havens
Italy’s 26% Crypto Tax Signals Dwindling Band of Global Havens
January 03, 2023  |  Cryptocurrency

Italy’s 26% crypto tax shines a light on different global approaches to crypto taxation. When crypto assets first exploded onto the world stage, governments scrambled...

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Italy Imposes 26% Crypto Tax
Italy Imposes 26% Crypto Tax
December 30, 2022  |  Cryptocurrency

Italy’s new crypto tax is set to impose a 26% capital gains levy on traders. The tax on crypto traders is set to go into...

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MicroStrategy Cites Tax Benefits in Recent Bitcoin Buying and Selling
MicroStrategy Cites Tax Benefits in Recent Bitcoin Buying and Selling
December 28, 2022  |  Cryptocurrency

MicroStrategy has cited tax benefits as the reason for its recent buying and selling of bitcoin. The firm — which develops enterprise software but is...

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IRS Punts on 1099-K Wage Threshold
IRS Punts on 1099-K Wage Threshold
December 23, 2022  |  Taxes

The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form.  In a Friday (Dec. 23) press release, the agency said that the lower...

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2023 Budget Strengthens France’s Ability to Tax Big Tech
2023 Budget Strengthens France’s Ability to Tax Big Tech
December 12, 2022  |  Taxes

Following slow progress on international agreements, France has doubled down on its digital service tax. First announced in 2019 and implemented in 2020, the digital...

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Crypto Firms May Have to Report EU Tax Evaders
Crypto Firms May Have to Report EU Tax Evaders
December 08, 2022  |  Cryptocurrency

The EU has proposed new tax transparency rules for crypto transactions. During a press conference on Thursday (Dec. 8), Paolo Gentiloni, the EU commissioner for...

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Zelle Says Its Service ‘Not Subject’ to IRS Reporting
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
November 07, 2022  |  Taxes

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  While users of Zelle...

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