CryptocurrencyUS Treasury finalizes new crypto tax reporting rulesJune 28, 202416By Hannah Lang(Reuters) - The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment...
BankingThe US Government Is Suing Itself Over Silicon Valley BankFebruary 13, 202464Photo: Ian Dyball (Getty Images)Can’t we all just get along? Not if you’re an employee of the federal government. The...
CryptocurrencyUS crypto investors face lack of clarity as ‘impossible to comply with’ tax reporting rules kick in – DL NewsJanuary 4, 202494Americans must now report personal information when receiving crypto worth more than $10,000.But crypto investors are confused over who the...
BankingSwiss bank Banque Pictet admits hiding Americans’ income from IRSDecember 4, 202394Between 2008 and 2014, the bank had 1,637 accounts on behalf of American clients, who collectively evaded approximately $50.6 million...
MortgagesJust How Unaffordable Is the US Housing Market?August 29, 202324You hear a lot these days how unaffordable housing has become in the US. One way to think about affordability...
EconomyYour taxes are standing between the US and economic doomMay 17, 202355Your tax payments are preventing the US from teetering over a fiscal cliff into a severe recession—and the difficulty of...
FundsOur very first bill will repeal funding for 87,000 new IRS agents: Speaker US House of Representatives Kevin McCarthyJanuary 8, 202330The Speaker of the United States House of Representatives Kevin McCarthy on Saturday announced that bill for funding 87000 new...
PensionWhat is an IRA account and what are its pros and cons?October 24, 202276Retirement planning is one of the crucial as well as confusing parts of financial planning for any individual. Several things...