Income Tax news and trends

Today in Crypto: Blockchain Platforms Pilfer Big Tech Execs to Build Web3; Crypto Tax Prep...
Cryptocurrency // February 23, 2022

Tech execs from companies like Google or Facebook have been exiting their jobs in favor of crypto companies, CNBC reported Wednesday (Feb. 23). Blockchain companies like Polygon and Circle have reaped the benefit in hiring some of those people. The hook has been the prospect of...

UK Government Won’t Delay ‘Loan Charge’ Policy
Loans // March 26, 2019

Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the U.K. who are facing a tax charge they have been avoiding for 20 years, according to a report by the Financial Times. The...

Here’s How Your Tax Day Stacks Up
Economy // April 18, 2017

It’s the most wonderful time of the year! Tax season, that is. And today is IRS Christmas. Curious to know how your taxes stacked up? While we won’t know about 2016’s filings until next year, IRS preliminary data from 2015’s filings (what you submitted in 2016)...

Quick Reads
Zelle Says Its Service ‘Not Subject’ to IRS Reporting

November 07, 2022
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 are required to declare their earnings, Zelle itself said it does not have to declare transactions made through the payment service because it is a network that does not hold […]

Today in Crypto: Blockchain Platforms Pilfer Big Tech Execs to Build Web3; Crypto Tax Prep...

February 23, 2022
Tech execs from companies like Google or Facebook have been exiting their jobs in favor of crypto companies, CNBC reported Wednesday (Feb. 23). Blockchain companies like Polygon and Circle have...

UK Government Won’t Delay ‘Loan Charge’ Policy

March 26, 2019
Her Majesty’s Revenue and Customs (HMRC) has refused to delay a “loan charge” policy for tens of thousands of individuals in the U.K. who are facing a tax charge they...

Here’s How Your Tax Day Stacks Up

April 18, 2017
It’s the most wonderful time of the year! Tax season, that is. And today is IRS Christmas. Curious to know how your taxes stacked up? While we won’t know about 2016’s...