Month: May 2021

The Internal Revenue Service is conducting an “ongoing, extensive investigation involving substantial IRS resources” into cryptocurrency holders. As part of that investigation, the IRS is serving “John Doe” summons on various cryptocurrency companies, seeking court orders to require cryptocurrency exchanges to turn over account holder’s names and other key identifying information. On May 5, 2021,
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In this article TSLA BTC.CB= ETH.CM= XRP.CM= Artur Widak | NurPhoto | Getty Images GUANGZHOU, China — Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin. At around 6:06 a.m. Singapore time on Thursday when
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Tetra Images | Tetra images | Getty Images Over the last year, lawmakers have passed many tax breaks for businesses due to the coronavirus pandemic. Now, the Biden administration is encouraging the hardest-hit businesses to take advantage of one especially large tax break, the employee retention credit. The employee retention credit was first established in
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The federal agency that regulates nursing homes, the Centers for Medicare and Medicaid Services (CMS), will require facilities to publicly report covid-19 vaccination rates for staff and residents starting May 21. The rule is likely to press operators to boost staff vaccine rates to at least the 75 percent rate that industry trade groups have
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The Department of Justice issued a news release to strike terror in the hearts of anyone attempting to execute cryptocurrency tax shenanigans. The federal court for the Northern District of California entered an order authorizing a John Does summons on Payward Venture Inc and Subsidiaries d/b/a Kraken. The IRS wants to look at the records of
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Tara Moore | Getty Images Social Security beneficiaries could be in for a bigger cost-of-living adjustment next year, if current economic trends continue. But just how much farther an increase to those monthly benefit checks will go will depend a lot on inflation. The Senior Citizens League, a nonpartisan senior group, released its first official
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