Internal Revenue Service

Bitcoin and taxes: What you need to know

If you are one of the many individuals who owns bitcoins, or is thinking about buying into the emerging technology, one important thing to note is that the Internal Revenue Service (IRS) does not in fact treat the burgeoning digital currency as a currency.<p>“The IRS … treats [bitcoin] as an asset, …

Cryptocurrency

With Apologies to Joe Biden, This Tax Cut Is a Big F***ing Deal

<i>The author is the founder and president of Americans for Tax Reform.</i><p>Republicans and Democrats disagree on the merits of the Tax Cuts and Jobs Act, …

Culture

Joe Biden Claims Obama Didn't Have 'A Hint of Scandal' — This List Shows Otherwise

• Obama's first secretary of state created a private email server. Hillary Clinton used the privately owned server instead of her government email …

Conservative View

AP Top Stories December 14 A

Republicans

Eyeing Legislative Accomplishment After Alabama Loss, Trump Says Tax Bill Is ‘Day Away’ From Passing

President Donald Trump, eyeing his first major legislative victory, made his closing argument Wednesday on a tax package that negotiators on Capitol …

Donald Trump

Trump: Americans Will See Bigger Paychecks in February If Tax Bill Is Done by Christmas Insider

<b>'The Public Trust Is Gone': Jim Jordan Urges Rosenstein to Appoint 2nd Special Counsel</b><p>President Trump spoke Wednesday afternoon on tax reform, saying a final bill from the House and Senate is getting closer and he is hopeful that he will be able to sign the legislation before Christmas.<p>He said if …

John F. Kennedy

Do not expect postcard-sized tax return from Republican plan: experts

WASHINGTON (Reuters) - Since mid-2016, U.S. House Speaker Paul Ryan has carried around a "postcard" that he has said shows how easy it will be for Americans to file their taxes once Republicans are finished their tax overhaul.<p>And as recently as Thursday President Donald Trump touted Americans being …

World News

Your Not So Kind (or Welcome) Early Holiday Gift from the IRS: Letter 226j

On more than one occasion since passing the Affordable Care Act (“ACA”), the IRS has given some type of early holiday “gift” to alleviate pending …

Law

Republicans say they have a tax cut deal but Democrats want to stall until Jones arrives

WASHINGTON — Republicans in Congress announced Wednesday that House and Senate leaders have reached a deal on how to overhaul the tax code, but Democrats are already using Doug Jones' upset victory in Tuesday's Alabama Senate election to argue Congress needs to slow the tax bill down.<p>Sen. Orrin …

U.S. Congress

Veterans Charity Raises Millions to Help Those Who’ve Served. But Telemarketers Are Pocketing Most of It.

The warning was prophetic.<p>Maurice Levite sat in a modest office in Falls Church, Virginia, about a decade ago, and cautioned his longtime friend, Brian Arthur Hampton, against continuing to use telemarketers to fund his small veterans charity.<p>With the help of his fundraisers-for-hire, Hampton had …

Long-form Journalism

Rule of law under siege: How rampant anti-Trump bias in the Russia probe threatens our democracy

The text messages between FBI officials Peter Strzok and Lisa Page that resulted in Strzok’s dismissal from Special Counsel Robert Mueller’s investigation of Russia’s role in the 2016 presidential election reveal the extreme hostility Strzok and Page felt toward Donald Trump.<p>Strzok called Trump a …

Government

The 4 Biggest Misconceptions About Bitcoin

Things aren't always what they appear.<p>Historically, no asset has been better at making investors money over time than the stock market. Looking back …

Bitcoin

6 Top Bitcoin Predictions For 2018

What a year it's been for Bitcoin.<p>The cryptocurrency has continued to soar from lows of $778 in January 2017 to record highs of more than $17,000 on …

Tech Industry

GOP tax plan could bring big New Year's surprises

Republicans want their changes to go into effect Jan. 1.<p>American taxpayers may get a jolt on New Year’s Day when new tax rules — including some sudden tax increases — take effect just days after Republicans hope to pass their overhaul and have it signed into law.<p>In an effort to juice the economy …

News

Republican Tax Bill Will Devastate Puerto Rico's Economy And Eliminate Thousands Of Jobs

There is no question: The Tax Cuts and Jobs Act, as currently written, will bring enormous devastation to Puerto Rico’s economy.<p>Following a decade of …

Caribbean

Where Is the Real 'Bitcoin Capital' of the World? | Investopedia

Bitcoin is going places. The primary cryptocurrency has had a spectacular 2017 so far, rising by 1,400% to surpass $15,000 per coin. It is entering …

Bitcoin

How To Rent Out Your Vacation Home And Not Get Slammed By The IRS

<i>Vacation homes are fun to have – a nice get-away from the hurly-burly of life. But lots of folks don’t need them year-round, and earn some side income renting out the place. What will the tax man want to know about that extra cash? Here’s how you can get on his right side, courtesy of Bruce Bell,</i> …

Real Estate

Soccer Bosses' High-Flying Lives on Display at Corruption Trial

The South American soccer barons gathered at Miami Beach’s St. Regis Bal Harbour hotel in late April 2014 to gloat: they’d just made $100 million …

Corruption

9 Holiday Scams To Watch Out For In NC: Christmas 2017

Authorities are warning residents of fake charities, gift card theft and other holiday 2017 scams.<p>CHARLOTTE, NC — Ah, the joy of the holidays. From …

Charlotte

Ex-CFO of ‘Soup Nazi’ inspired company admits to tax evasion

NEW YORK (AP) — The former chief financial officer for a company licensing recipes from the real-life chef who inspired the “Soup Nazi” character on …

Connecticut

Team USA Holiday Wish List Giveaway Official Rules

<b>Team USA Holiday Wish List Giveaway<br>Official Rules <br>No Purchase Necessary<br>________________________________________________________________________</b><p>The …

Team USA

Tax Bill: John Cornyn’s Fossil Fuel Provision Would Personally Enrich Republican Lawmakers

When Texas Sen. John Cornyn slipped an obscure tax break for pipeline giants into the GOP tax bill, he wasn't just helping major Republican Party …

Republican Party

Facebook to pay taxes locally, instead of through Ireland

By Molly Schuetz, Bloomberg<p>Facebook is changing its tax structure so that it will pay taxes in the country where sales are made, rather than …

Fraud

Everything you need to know about tax changes for 2018

Filed under: Finance, Tax, Taxes<p>The old saying that nothing is certain except death and taxes is only partly true. While you can expect to continue to pay taxes in 2018, the Internal Revenue Service has announced a number of changes to the tax laws for the upcoming year. Many changes are triggered …

AOL

Wednesday Wake-Up Call: The Ad Battle in Alabama's Election. Plus, Harassment Claims Hit NFL Network

Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital-related news. You can get an audio version of this …

Advertising Industry

Which Texas private college presidents make more money than peers at Harvard and Yale?

As tuition and fees continue to rise for college students, so do the compensation packages for university executives.<p>According to an annual report on …

College & University

Governments are Pulling Back the Crypto-Currency Curtain

Coinbase Inc., a virtual currency exchange platform, was recently ordered by the United States District Court for the Northern District of California …

Bitcoin

This 34-Year-Old Social Security Rule May Be Hurting Nearly 24 Million Seniors

For millions of Americans, Social Security is more than just a paycheck they'll receive each month once they get older -- it's a vital source of income that they simply couldn't make do without. According to the Social Security Administration, more than three out of five elderly retirees currently …

Social Security

New Religion Forming in California to Worship Man-Made ‘AI Messiah’

"What is going to be created will effectively be a god."

Conservative View

This Week In Bitcoin: The IRS Targets Coinbase, Venezuela To Mint Its Own Cryptocurrency

Coinbase now has more accounts than Charles Schwab.<p>Regulators have unintentionally created an environment where cryptocurrencies thrive.<p>The fact that …

Bitcoin