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Nasa Artemis II: Rocket moves to launch pad ahead of first crewed Moon mission in decades - follow live BBCWhy NASA's Artemis II mission won't land on the moon CNNNASA to roll out 11 million-pound moon rocket in preparation for astronauts' launch NBC NewsNASA to roll out SLS rocket Saturday for Artemis II moon mission Spectrum News 13What You Need to Know About NASA's Artemis II Moon Mission NASA (.gov)
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Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
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Department of Justice investigating Gov. Walz, Minneapolis Mayor Frey, U.S. officials say CBS NewsTrump administration news: Immigration crackdown roils Minnesota CNNFederal prosecutors open investigation into Walz, Frey over alleged impeding of law enforcement Fox NewsJustice Dept. launches criminal investigation of Minnesota governor The Washington Post
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Economists expect the U.K. economy to improve in 2026, particularly as the Bank of England is likely to continue on its interest rate-cutting path.
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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
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