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Lawmakers are hoping to push the president's massive tax and immigration agenda through a high-wire procedural vote.
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Here's what's in the GOP megabill headed for a vote in the Senate NPRTrump Administration Live Updates: Senate Republicans Seek to Pass Sprawling Domestic Policy Bill The New York TimesSenators prep for a weekend of work to meet Trump's deadline for passing his tax and spending cuts AP NewsUS Senate Republicans unveil their version of Trump's sweeping tax-cut, spending bill ReutersHow the megabill could fall apart Politico
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Some community college students could lose their financial lifeline under the 'Big, Beautiful Bill' NBC NewsColleges warn the ‘Big, Beautiful Bill' could be ugly for their bottom lines, and for many students The Boston GlobeProposed Pell Grant cuts threaten college access for nearly 500,000 Texas college students The Texas TribuneProposed Pell Grant cuts could threaten college access for 1,000s of Coloradans KUSA.com
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Amazon, Google, Meta, and Uber slapped with $2 billion retroactive tax bill as Trump suspends Canada trade talks FortuneTrump is ending trade talks with Canada CNNStock market today: S&P 500, Nasdaq pull back from record-setting rally after Trump ends Canada talks Yahoo FinanceTrump cuts off US trade talks with Canada, shattering optimism over tariff deals Reuters
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Congo and Rwanda sign a US-mediated peace deal aimed at ending decades of bloody conflict AP NewsTrump Live Updates: Canada Trade Talks, Policy Bill and War Powers Vote The New York TimesTrump helped these African countries sign a peace deal. Here's what we know 5 EYEWITNESS NEWSDR Congo and Rwanda sign long-awaited peace deal in Washington BBCTrump brings on Angolan journalist so she can praise him at White House event to mark Rwanda-DRC peace agreement - live
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Trump Says U.S. Ending Trade Talks With Canada Over Digital Services Taxes The New York TimesDigital Services Tax: Trump's Latest Beef With Canada NDTVStock market today: S&P 500, Nasdaq pull back from record-setting rally after Trump ends Canada talks Yahoo FinanceAmazon, Google, Meta, and Uber slapped with $2 billion retroactive tax bill as Trump suspends Canada trade talks Fortune
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President Trump amped up pressure on Congress to speed the passage of his tax-cut bill as Republicans reached a tentative deal on the state and local tax deduction.
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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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Chat-based collaboration software is a must-have in today's business environment, with Slack and Microsoft Teams the two leading options for the enterprise. The stakes couldn't be higher — the pandemic made clear that remote work and collaboration are the future of business.
Slack, which went public back in 2019, was bought by enterprise software giant Salesforce in July 2021 for $27.7 billion. Until the acquisition, it wasn't clear that Slack could survive against behemoth Microsoft, which has a gazillion revenue streams to rely upon and is giving Teams away for free in most Office 365 and Microsoft 365 plans. But now that Slack has sugar daddy Salesforce behind it, with a valuation north of $200 billion and annual income of more than $20 billion, it can better compete.
To read this article in full, please click here
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