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Here's how trading hours and other services will be affected on the federal holiday, which falls on Monday, Feb. 16, this year.
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The longer leaders mistake stability for commitment, the more momentum, growth, and performance quietly slip away.
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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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AMONG radical environmentalists, it has often been said that carbon trading and carbon offsets (which allow emitters of greenhouse gases to "redeem" their sins by countervailing actions) are comparable to the medieval practice of selling indulgences. In those days, believers were encouraged to improve their prospects in the after-life through a monetary transaction with the Church. Reaction against this practice helped to inspire the Protestant Reformation.
The parallel is not perfect. Buying indulgences had few earthly consequences, besides making the Church richer. Whereas carbon markets, if they work as they are supposed to, could have the effect of helping to save the planet. In both cases, however, critics feel that moral integrity is compromised.
In any case, visitors converging on the Vatican today are unlikely to be given a free pass as easily as the fee-paying transgressors of the Middle Ages. Chief executives of leading oil companies are due to meet Pope Francis, whose green encyclical, "Laudato Si", calls for...Continue reading
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