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New Jersey Rep. Tom Kean Jr. says he's 'energized' but appears to push back timeline for return PoliticoA Congressman Was Suddenly Absent. So We Looked. And Looked. The New York TimesDemocrat Rebecca Bennett will take on GOP Rep. Tom Kean Jr., who has been absent from Congress NBC NewsTrump endorses mysteriously missing congressman Tom Kean Jr BBCThis GOP congressman is running unopposed in Tuesday's primary. He's been missing from Washington for nearly three months CNN
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It might not be today, it might not be tomorrow, but at some point, this bull market is going to end.
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The "latest advancements at the AI frontier have increased the level of urgency around cybersecurity," Palo Alto Networks' CEO said.
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White House correspondents' dinner gets a second act after attempted assassination The Washington PostWhite House Correspondents' Dinner rescheduled for July with ‘enhanced security measures' NBC4 WashingtonTrump to attend delayed White House Correspondents' Dinner after shooting Al Jazeera
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Police negotiate in hostage situation at Chase Bank amid bomb threat in downtown KMPHActive bomb threat, hostage situation at Chase Bank; BPD saying community members inside ‘are safe' KGET.comMan barricades himself inside Southern California bank with hostages, police say The Independent
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Rubio details U.S. demands as Iran peace talks falter The Washington PostRubio battles Democrats on Iran, Taiwan, Ebola, boat strikes: 5 takeaways The HillKey Trump administration Cabinet members face hearings on Capitol Hill CNN
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Late for Work: Looking at Blockbuster Myles Garrett, A.J. Brown Trades From Ravens' Perspective Baltimore RavensUpdated NFL Power Rankings After Myles Garrett, A.J. Brown Blockbuster Trades Bleacher ReportChloe Kim Reacts to Boyfriend Myles Garrett's Trade from Browns to Rams in NFL Blockbuster People.comMyles Garrett gives the Rams a better shot at winning the Super Bowl, but was he worth the cost? CBS Sports
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Barry Diller's People Inc. extended an offer for MGM Resorts at $48.30 per share.
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U.S. and global oil prices were surging Monday after Iran reportedly suspended talks with the U.S. and closed the Strait of Hormuz in response to Israeli military operations in Lebanon.
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The leader of the Catholic Church warned about artificial intelligence upending the labor market. Traders on Kalshi see unemployment jumping before 2030.
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The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven't run for the hills, it's worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but the IRS as well. In terms of crypto news and taxes, the IRS recently proposed changes to cryptocurrency tax reporting question on the Form 1040. The agency will also receive $80 billion from the Inflation Reduction Act, some of which will be directed to digital asset enforcement—including cryptocurrency tax compliance.
Additionally, you may have heard that the IRS continues to successfully obtain court orders to require cryptocurrency brokers and exchanges to provide information to the IRS. That information concerns investors who failed to report and pay taxes on cryptocurrency transactions.
And while this IRS enforcement focus isn't new, recent crypto announcements and developments from Congress, the Biden administration, and the IRS, mean that it's important to stay up-to-date on crypto tax reporting and compliance. So, here's some information to get you started.
How Crypto is Taxed
A common question about cryptocurrency concerns how crypto is taxed. The answer is that cryptocurrency is considered property, so it's taxed by the IRS in the same way that other capital assets are taxed. As a result, when you sell or trade crypto, you can have asset losses and potential taxable gains depending on the fair market value of the virtual currency, and your basis in the crypto.
SEE MORE 9 Ways to Cut Crypto Taxes Down to the Bone
Given that, it
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