#irs-regulations

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3 Steps to Follow Before Taking Your RMD from Your IRA This Year

At 73, required minimum distributions (RMDs) must be initiated to avoid penalties.
First RMD for those turning 73 in 2024 is due April 1, 2025.
#defi

Crypto industry groups sue IRS over broker reporting rule | TechCrunch

Crypto industry groups are suing the IRS over new reporting rules for decentralized finance entities, arguing it infringes on privacy rights and misclassifies their role.

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians

The U.S. IRS is requiring crypto brokers to file 1099 forms with some exceptions, with rules taking effect in 2025 and cost basis tracking starting in 2026.

Crypto industry groups sue IRS over broker reporting rule | TechCrunch

Crypto industry groups are suing the IRS over new reporting rules for decentralized finance entities, arguing it infringes on privacy rights and misclassifies their role.

U.S. Treasury Issues Crypto Tax Regime For 2025, Delays Rules for Non-Custodians

The U.S. IRS is requiring crypto brokers to file 1099 forms with some exceptions, with rules taking effect in 2025 and cost basis tracking starting in 2026.
moredefi

Musk's Foundation Gave Away Less Money Than Required in 2023

Musk's foundation failed to donate $421 million, continuing a three-year trend of under-distribution.
The foundation's failure raises questions about accountability for large charitable entities.
#taxes

Do you get paid through Venmo, CashApp, or PayPal in 2024? The IRS will know

Payment platforms will report transactions to the IRS, changing tax obligations for many.
For 2024-2025, the reportable amount is $5,000, dropping to $600 in 2026.

Tax Implications When Using Synthetic Positions

Understanding tax implications of synthetic positions is essential for optimizing returns and compliance.

Do you get paid through Venmo, CashApp, or PayPal in 2024? The IRS will know

Payment platforms will report transactions to the IRS, changing tax obligations for many.
For 2024-2025, the reportable amount is $5,000, dropping to $600 in 2026.

Tax Implications When Using Synthetic Positions

Understanding tax implications of synthetic positions is essential for optimizing returns and compliance.
moretaxes
#retirement-planning

50% of Americans Wrongly Think Social Security Benefits Are Tax-Free - Here's How It Actually Works

Half of America believes Social Security benefits are tax-free, which is misleading and can lead to unexpected tax liabilities.

Read This Before You Take a RMD from Your IRA This Year

RMDs are mandatory withdrawals from retirement accounts starting at age 73, with rules evolving regularly.

50% of Americans Wrongly Think Social Security Benefits Are Tax-Free - Here's How It Actually Works

Half of America believes Social Security benefits are tax-free, which is misleading and can lead to unexpected tax liabilities.

Read This Before You Take a RMD from Your IRA This Year

RMDs are mandatory withdrawals from retirement accounts starting at age 73, with rules evolving regularly.
moreretirement-planning

A Corporate Minimum Tax Aimed at Closing Loopholes' Leaves Gaps

Implementing a minimum corporate tax exposes complexities in addressing tax equity and defining loopholes versus economic incentives.

The Morning After: The US Treasury finalizes tax rules for crypto

The US Treasury Department has finalized a new rule requiring cryptocurrency platforms to report users' transactions to the IRS, starting from 2026.

IRS finalizes new regulations for taxing crypto | TechCrunch

Crypto platforms must report transactions to the IRS by 2026, but decentralized platforms exempt. New regulations aim to standardize tax reporting on crypto holdings.
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