Tag Archives: IRS

You can now buy a Tesla with Bitcoin — but the IRS will want a cut – Yahoo Finance

Benzinga Alibaba, Amazon, Palantir, Google, Takeda, Unity — What Cathie Wood’s Ark Bought And Sold On Thursday Cathie Wood’s Ark Investment Management sends out an email every night listing the stocks that were bought or sold by the firm’s ETFs that day. In recent months, the emails have known to cause certain stocks to see a spike in the after-hours session. Here’s a list of 39 stocks that the hedge fund bought and sold on Thursday. Trades For Ark Fintech Innovation ETF (NYSE: ARKF):… Source link

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IRS delays tax deadline by one month to May 17

The Internal Revenue Service extended the tax deadline for filing returns and making tax payments to May 17 from April 15, giving taxpayers additional time after mounting pressure from lawmakers and organizations. ‘This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” said IRS Commissioner Chuck… Source link

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IRS is ‘setting the trap’ for bitcoin and virtual currency investors on 2020 tax form

The Internal Revenue Service (IRS) is making it harder for taxpayers to conceal cryptocurrency transactions — whether intentionally or not — by adding a new question about it near the top of the new Form 1040. The form released last week asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only option is to mark yes or no. If you answer inaccurately, you could find yourself in hot water with… Source link

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