|
Live updates: California slammed by 'dangerous' storm, 8 feet of snow and life-threatening floods FOX WeatherLive updates: Flood Watch, evacuation warnings in effect as SoCal storm brings rain ABC7 Los AngelesSlow-moving storm brings waves of rain, wind and mountain snow to SoCal KTLA
|
|
Exclusive: Pentagon warns Anthropic will "pay a price" as feud escalates AxiosExclusive | Pentagon Used Anthropic's Claude in Maduro Venezuela Raid The Wall Street JournalPentagon Is Close to Cutting Ties With Anthropic, Report Says Bloomberg.comUS military used Anthropic's AI model Claude in Venezuela raid, report says The Guardian
|
|
Tech workers in a fierce competition to write the best resignation letters Business InsiderAI researchers are sounding the alarm on their way out the door CNNThe Guardian view on AI: safety staff departures raise worries about industry pursuing profit at all costs | Editorial The GuardianThe existential AI threat is here — and some AI leaders are fleeing Axios
|
|
Asia stocks muted in holiday-thinned trade, Japan dips on dismal GDP Investing.comShares subdued in Asia by holidays, dismal Japan data ReutersAsian shares trade higher ahead of Lunar New Year holidays and gold prices fall Yahoo FinanceStock Market Holiday: Is Chinese stock market closed this week for lunar new year 2026? Mint
|
|
The Guardian view on AI: safety staff departures raise worries about industry pursuing profit at all costs | Editorial The GuardianAI researchers are sounding the alarm on their way out the door CNNThe existential AI threat is here — and some AI leaders are fleeing AxiosAnthropic AI Safety Researcher Warns Of World ‘In Peril' In Resignation ForbesTech w
|
|
Rumored Galaxy S26 Ultra feature is so genius that Apple has decided to copy it PhoneArenaSamsung Galaxy S26 Ultra Release Date Latest: New Prices And Deals Forbes[Invitation] Galaxy Unpacked February 2026: The Next AI Phone Makes Your Life Easier samsung.comFuture MacBooks May Hide Your Screen From Strangers MacRumorsFuture MacBooks may borrow a Samsung feature to solve an ironic privacy p
|
|
Makers of AI chatbots that put children at risk face big fines or UK ban The GuardianNo free pass for internet platforms on child safety, Starmer says BBCSocial media ban for under 16s could be in force this year The TimesUK to tighten online safety laws to include AI chatbots Financial TimesGovernment announces sweeping 'crackdown' on social media firms Sky News
|
|
Rivian expects to deliver up to 67,000 EVs this year but could dole out more than $2.1 billion on capital expenditures as it expands its roadmap.
|
|
Profits were up as the fast-food giant focused on price-conscious customers. But the company said it would cut back on financial support for franchisees.
|
|
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
|
|
The IRS has granted victims of the recent severe storms in Arizona more time to file various individual and business tax returns and make tax payments. Specifically, victims of the storms on July 17 and 18, 2022, have until November 15, 2022, to file and pay tax returns and payments due between July 17 and November 14.
SEE MORE 2022 Tax Calendar: Important Tax Due Dates and Deadlines
The tax relief is available to anyone in any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. At this point, only affected taxpayers who live or have a business in the Salt River Pima-Maricopa Indian Community qualify for the extensions, but the IRS will offer the same relief to any taxpayers in other Arizona localities designated by FEMA later.
The IRS will also work with other people who live outside the disaster area but whose tax records are in the disaster area. Call the IRS at 866-562-5227 if you face this situation. This also includes workers assisting the relief activities who are affiliated with a recognized government or philanthropic organization.
Deadlines Extended
The deadlines that are pushed back include extended 2021 personal income tax returns that were supposed to be due on October 17, 2022. However, payments for 2021 income taxes that were due on April 18, 2022, are not extended. In addition, Arizona storm victims in the designated area get more time to make the estimated tax payments due on September 15, 2022.
SEE MORE
|
|
