taxes

Palantir Technologies Inc (NYSE: PLTR) and Paypal Holdings Inc (NASDAQ: PYPL) co-founder Peter Thiel could reportedly be forced to withdraw billions from his Roth IRA account should the House pass a piece of tax legislation that has cleared a key Committee. What Happened: Thiel could be forced to...

The United Kingdom Prime Minister Boris Johnson plans to question Amazon.com Inc (NASDAQ: AMZN) founder Jeff Bezos over his company's poor tax record when the duo meets face-to-face in New York on Monday, as per a Financial Times report citing British officials. What Happened: Johnson...

The answer to the question- Do you pay cryptocurrency taxes, in a single word would be yes! But, the reality is way more complicated than just a simple yes or no.  It has been more than a decade that cryptocurrency has come into existence, but the matter itself and its taxation is ambiguous...

U.S. President Joe Biden weighed in the impact of the so-called infrastructure bill on the cryptocurrency space, which could purportedly kill swathes of the local crypto industry. What Happened: According to the White House statement, Biden backed an amendment for the bill proposed...

By Reid Johnson The current administration has already spent $1.9 trillion on COVID relief and has plans to spend trillions more on infrastructure projects, Medicaid expansion, education, and climate investments. In order to fund these projects, the administration has proposed several tax-...

By Chelsie Kugler, VP of Business Development at CFOshare President Biden’s  “American Families Plan” is scheduled to be funded in part by an estimated $700 billion in additional tax enforcement over the coming decade. In his first 100 days in office, Biden signed the most...

A European court has ruled in favor of Amazon.com, Inc. (NASDAQ: AMZN) in a tax case. What Happened: In response to an appeals case filed by Amazon, the European Union's General Court ruled that the European Commission was incorrect in several respects and failed to substantiate...

Americans have until May 17 to file their 2020 taxes after the tax deadline was bumped back to provide more financial flexibility for taxpayers struggling through the pandemic. Unfortunately, many retail traders may end up paying far more in capital gains taxes than they need to this tax season....

After the sell-off in February, the markets have sprung back up. The broader S&P 500 Index is trading at an all-time high and the blue-chip Dow Jones Industrial Index is just shy of its all-time peak. The tech-heavy Nasdaq Composite Index, however, has yet to break above its record...

President Joe Biden called out Amazon.Com Inc (NASDAQ: AMZN) twice amongst global 91 Fortune 500 companies for non-payment of federal taxes during his Pittsburgh, Pennsylvania address, Reuters reports. Biden proposed a corporate tax rate hike from 21% to 28% under his...

Earlier this week, Tesla Inc (NASDAQ: TSLA) announced that customers could now buy a Tesla with Bitcoin (CRYPTO: BTC), but Ark Invest's Cathie Wood isn’t so sure investors should use it as a means of payment. What Happened: In a webcast hosted by CBOE, Wood said that those that...

A dedicated team of IRS criminal investigation professionals is now working on identifying taxpayers who have omitted to disclose income from cryptocurrency. What Happened: In a Federal Bar Association presentation, Damon Rowe, the Director of the Office of Fraud Enforcement at the Internal...

Tax time is stressful for everyone, especially for real estate investors. Just like any other business owner, real estate investors have the opportunity to write off expenses that lower their tax liability. If you’re a real estate investor, before you file your taxes this year, learn the top...

Oracle Corporation (NYSE: ORCL) has joined the list of tech companies that haved their headquarters out of California, Bloomberg has reported. What Happened: The computer technology giant announced on Friday that it had moved its headquarters to Austin, Texas, from Silicon Valley....