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For years, tax help giant Intuit quietly lobbied against the Return Free Tax System, an initiative from the IRS dating back to the 1990s to build their own self-hosted, free system for taxpayers to file. Instead of this governmental service, Intuit and other tax preparation software providers agreed to offer
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Common Tax and Compliance Challenges for Enterprises in Crypto Source
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The IRS recently identified tax guidance relating to digital asset transaction validation, including staking, as a priority during 2023. As the digital asset ecosystem continues to grow and the tokenized economy takes hold, it will be imperative for the IRS to, whenever possible, issue guidance clarifying the tax treatment of
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That trial took place in Delaware because Twitter, Inc. has its corporate registration there. So do Amazon, Google, Walmart and Meta (formerly Facebook). In fact, companies responsible for an incredible 45% of U.S. GDP [gross domestic product], and making up two-thirds of the Fortune 500, are registered in Delaware. So
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So, what is a person who has crypto locked inside Celsius to do? The short answer is to wait and see. Once bankruptcy proceedings are finalized, some or all of the funds owed by Celsius to its customers may be paid back. But until we know for certain how much,
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The Silver Lining of a Crypto Market Decline: Tax Savings Original Source
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The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia Talks Regulation in New Report
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The Brazilian Tax Authority RFB registered a new record in the number of Brazilians that invested in crypto, in the month of September. The institution informed through its monthly reports that almost 1.5 million people had purchased crypto during Sept. The number of crypto investors in Brazil increased since August
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