Latest in IRS starts new tax rule for digital income
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Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.CNBC - 14h -
IRS starts new tax rule for digital income
A new rule being implemented for the 2024 tax year means revenue over $5,000 collected through platforms like PayPal or Venmo has to be reported. That includes payments for concert tickets, clothes ...CBS News - 2d -
New Zealand relaxes visa rules to lure digital nomads and influencers
Changes mean visitors and influencers working for foreign employers can stay longer in bid to boost tourism. New Zealand has relaxed its visitor visa rules to attract so-called “digital nomads” in ...The Guardian - 2d -
Why the IRS may be coming to tax your cryptocurrency
This is how many crypto investors evade taxes.MarketWatch - 2d -
Making money online? The IRS is cracking down on unreported income
The world of "side hustles" has opened the door for many to make money in previously unconventional ways.The Hill - 3d -
New Zealand eases visa rules to lure 'digital nomads'
Visitors can carry out remote working for a foreign employer while holidaying in the country for up to 90 days, after which they could face possible tax implications.BBC News - 3d -
IRS expands free tax filing program to new states: Are you eligible?
A free tax filing program from the IRS is now available in 25 states.The Hill - 4d -
Bills rule out S Rapp, will start rookie vs. Chiefs
Bills starting safety Taylor Rapp will miss Sunday's AFC Championship Game due to back and hip injuries. Rookie Cole Bishop is expected to start in Rapp's place.ESPN - 5d -
IRS Free Tax Filing System Will Include 13 More States
The Direct File system will be open to millions of taxpayers in 25 states, up from 12 last year. But it’s unclear what will happen to the program next year.The New York Times - 6d -
UK to soften tax rules for wealthy foreigners after millionaire exodus, Rachel Reeves says
The U.K. is to soften some planned changes to its controversial non-dom tax rule following concerns of a millionaire exodus, the Treasury has confirmed.CNBC - 6d -
Why fans of the IRS’s free tax-prep program hope it becomes the next Obamacare
The longer the Direct File tax-prep program sticks around, the harder it is to end it, which is what critics fear — and supporters wantMarketWatch - 6d -
UK watchdog targets Apple, Google mobile ecosystems with new digital market powers
Google’s Android and Apple’s iOS are facing fresh scrutiny from Britain’s competition watchdog, which unveiled investigations targeting the two tech giants’ mobile phone ecosystems under new powers ...ABC News - Jan. 23 -
Tax the rich – do it now. Start with me | Dale Vince
Across the Atlantic, we see more clearly than ever what happens when the extreme wealth of super-rich men becomes an attack on the public good. I have joined more than 370 millionaires from 22 ...The Guardian - Jan. 23 -
The New Rules of the Trump Era
Ezra Klein and Aaron Retica discuss the oligarchic power dynamics of the second Trump administration.The New York Times - Jan. 22 -
This free tax filing option is 'fast and simple,' IRS says. Here's who can use it
Roughly 70% of taxpayers are eligible for IRS Free File. Here's how to know if you qualify.CNBC - Jan. 21 -
Most Americans optimistic about incoming Trump presidency, CBS News poll shows
A new CBS News poll shows 60% of Americans feel optimistic about the next four years with Donald Trump as president. CBS News elections and surveys executive director Anthony Salvanto has more.CBS News - Jan. 20 -
Culture secretary rules out funding BBC from taxes
The culture secretary calls the TV licence "regressive" and is thinking "radically" about alternatives.BBC News - Jan. 17 -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - Jan. 14 -
Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers
The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.The New York Times - Jan. 12 -
Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep
Income-tax refunds averaged more than $3,100 last year. How much will they be this year?MarketWatch - Jan. 11 -
Here's when you can start filing your 2024 tax returns
The new tax season is here. Read on to learn when you can file your 2024 tax return and get your refund.CBS News - Jan. 10 -
IRS announces the start of the 2025 tax season
The 2025 tax season will begin on Jan. 27 for individual taxpayers. Here are some options to file your 2024 taxes for free.CNBC - Jan. 10 -
Does the IRS ever forgive back taxes?
The IRS may be known for taking a hard stance on tax debt repayment, but that isn't always the case.CBS News - Jan. 9 -
Warren questions Trump IRS nominee's experience, promotion of tax credit
Sen. Elizabeth Warren (D-Mass.) voiced concerns about President-elect Trump’s nominee to lead the Internal Revenue Service (IRS) on Wednesday, pressing him for answers about his previous experience ...The Hill - Jan. 9 -
IRS: Missing final 2024 quarterly estimated tax payment could trigger 'unexpected penalties'
The fourth-quarter estimated tax payment for 2024 is Jan. 15. Here's how to avoid "unexpected penalties," according to the IRS.CNBC - Jan. 9 -
The Los Angeles Fires Will Put California’s New Insurance Rules to the Test
The state’s insurance industry was reformed in late 2024 to promote coverage in disaster-prone areas. Tens of billions in fire damage will stress-test the new regime.Wired - Jan. 9 -
New rule bans medical debt from credit reports
A new rule issued by the outgoing Biden administration will ban medical debt from appearing on people's credit reports. It's estimated the move will raise credit scores for around 15 million ...CBS News - Jan. 7 -
Who qualifies for the IRS Fresh Start program?
The IRS' Fresh Start program could help you catch up on delinquent tax debt — but you'll have to qualify first.CBS News - Jan. 7 -
Medical debt banned from credit reports by new Biden administration rule
Unpaid medical bills will no longer appear on credit reports under a final rule announced by the Biden administration.CBS News - Jan. 7 -
New federal rule will remove medical debt from credit reports
A new rule on medical debt could affect millions of Americans' credit scores.ABC News - Jan. 7 -
How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map.
Tax season is just around the corner and it’s never too early to get startedMarketWatch - Jan. 7 -
Are the new personal data rules workable?
Also in this newsletter: India’s forex reserves fall to an eight-month low and Kumar Mangalam Birla’s mantraFinancial Times - Jan. 7 -
Michael Moss breaks down new FDA rules for "healthy" food labels
Pulitzer Prize-winning journalist Michael Moss explains the FDA's new rules for "healthy" food labels, limits on added sugars, and the push for alcohol warning labels.CBS News - Jan. 6 -
DraftKings tests a subscription service as it looks to offset high New York taxes
DraftKings is testing the subscription service in New York, which is tied for the highest tax rate on sports wagering in the country.CNBC - Jan. 3 -
Nuclear-Energy Stocks Gain After Easing of Hydrogen Tax-Credit Rules
The final rule for clean-hydrogen production would allow some nuclear power plants that are at risk of retirement to produce the gas.The Wall Street Journal - Jan. 3 -
Biden administration adds exemptions into new climate rules for hydrogen energy
The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less ...The Hill - Jan. 3 -
New House Ethics campaign rules are a belated lump of coal
The House Committee on Ethics has issued new requirements for House members' campaign and leadership PAC funds, requiring them to maintain records demonstrating the specific campaign purpose of ...The Hill - Jan. 2 -
Here are 9 states cutting their individual income taxes on Jan. 1
Some states are ushering in lower income tax rates in January, part of a recent push to cut taxes for their residents.CBS News - Jan. 1 -
US investors in China venture funds race to comply with new tech rules
Financial institutions rush to secure assurances their money is not being used to develop Chinese technologyFinancial Times - Jan. 1
