|
Top Iranian security official threatens Trump with death politico.euIran vows ‘eye for an eye' warfare if US, Israel hit infrastructure Al JazeeraWatch White House press briefing live Sky News"Beware": Top Iranian security official threatens Trump AxiosIran Makes Veiled Threat to Trump: 'Be Careful Not To Get Eliminated' Time Magazine
|
|
Thune eyes action on SAVE America Act next week — without a ‘talking filibuster' PoliticoTrump's newest pledge has Democrats cheering — and Republicans squirming MS NOWThune says no to filibuster changes even after Trump's threats about SAVE America Act abcnews.comTrump news at a glance: president issues an ultimatum to Congress to get voter ID bill passed The Guardian
|
|
Alabama Governor Spares Death Row Inmate Who Didn't Pull the Trigger The New York TimesAlabama governor commutes death sentence of man who didn't kill anyone NBC NewsAlabama death row inmate who didn't kill anyone is spared execution BBCAlabama governor commutes death sentence of man set to be executed The GuardianAlabama governor grants clemency to death row inmate Charles ‘Sonny' Burton, sparing him from execution this week CNN
|
|
What's next for crude-oil prices as wealthy nations consider a release of their reserves MarketWatchWhy emergency oil releases won't fix this crisis CNNAsian Stocks Poised for Gains, Oil Swings Higher: Markets Wrap Bloomberg.comIEA countries to meet later Tuesday on release of oil reserves, but no decision made yet CNBC
|
|
Live updates: US says it destroyed Iranian naval ships and minelayers near the Strait of Hormuz CNNIran begins laying mines in Strait of Hormuz, sources say CNNU.S. Forces Attack Iranian Mine-Laying Ships Near the Strait of Hormuz The New York TimesOil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz CNBC
|
|
Diligent launched its new AuditAI solution, described as a strategic compliance tool that automates execution of internal audit tasks.
|
|
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
|
|
Nine state-owned energy giants including Saudi Arabia's Aramco have shelved or delayed plans to sell shares to the public amid volatile crude-oil prices of the past three years.
|
|
