Some Ukrainians are currently sitting at home with an arsenal of Putin’s military equipment, and have no idea how to declare it on their tax return. According to Ukraine’s taxation department, there is no need to worry!
Ukraine has … Continue reading
Edward C. Wagner of Texas was sentenced to 18 months in prison after pleading guilty to fraud and tax evasion. From 2007 to 2016, the now 60-year-old Wagner operated multiple entities that he sought to raise capital for and … Continue reading
According to the U.S. Department of Labor, the U.S. economy added 678,000 jobs in February, and the jobless rate fell to 3.8%. In addition to February adding a massive amount of jobs, it was also reported that prior … Continue reading
Colorado Governor Jared Polis announced earlier this year that his state will be accepting tax payments in the form of cryptocurrency. Governor Polis is a former big-tech entrepreneur that has been involved with the crypto community for a … Continue reading
The Consolidated Appropriations Act released later last year, increased the business-meal deduction for the cost of food and beverages provided by a restaurant from 50% to 100% for both 2021 and 2022. Following this, the IRS provided guidance through … Continue reading
Religious societies and members receive tax benefits from the United States, which all officially started shortly after a bill named the “Tariff Act” was signed in 1894, granting American religious societies exemption from many different tax payments and other … Continue reading
Many who are self-employed or have a “side-hustle” take electronic payments through apps such as Venmo, PayPal, and CashApp. If you haven’t previously heard, the IRS has rolled out new reporting requirements for these third-party payment processing apps. While … Continue reading
After agreeing to abandon the facial authentication tool Id.me, the IRS announced they are introducing a new authentication system, Login.gov. This is the latest move following the IRS’ decision to transition away from third-party facial recognition technology… Continue reading
There was a large jump in the rate of child poverty following the end of advanced child tax credit payments, according to a new study done by Columbia University’s Center on Poverty and Social Policy. Many fear that … Continue reading
As the March 1st deadline to apply for property assessment exemptions looms, Senior citizens are left scrambling to prove that their incomes are low enough to qualify. Seniors of New York qualify for a 50% property tax break … Continue reading