Tax

Cannabis Businesses Face Tax Dilemma: A Closer Look At IRS Roadblock
Mark Cuban Says 'Tax The Robots' Amid Fears Of AI Taking Over People's Jobs
Crowe LLP's Expertise Helps Clients Make Smart Decisions In Ever-Evolving Cannabis Industry
Mark Cuban Says 'Tax The Robots' Amid Fears Of AI Taking Over People's Jobs
Crowe LLP's Expertise Helps Clients Make Smart Decisions In Ever-Evolving Cannabis Industry
Taxpayers, You Can Soon Submit Documents Electronically Ahead of Schedule: Janet Yellen Confirms IRS Move
Tax Cuts From The Bush And Trump Eras Have Cost The Government $10 Trillion It Now Owes

Tax Recent News

Bitcoin Miner GoMining Reacts To Narrowly Avoiding Biden's 30% Tax
On May 28, U.S. lawmakers released a draft of a bill allowing the U.S. to increase its debt ceiling.
Study Says Americans Not Happy With How Much Income Tax They Paid This Year
According to a Gallup poll conducted in April, nearly 60% of Americans say their federal income taxes are too high<
Is The IRS Pilot On Free Online Tax Filing A Game Changer for Taxpayers? Here's How Much You Can Save
GOP Shoots Down Biden's Tax Proposals As Debt Ceiling Deadline Nears
Negotiations to raise the U.S. federal debt ceiling met fresh snags after the White House presented congressional Republican leaders with a list of proposals to reduce the deficit by closing tax loopholes on Monday, which were universally rejected by the GOP.
Are Your NFTs Safe from the IRS? The Shocking Truth Behind New Tax Proposals
Non-fungible tokens (NFTs) may be taxed on par with other collectibles, such as fine wine or works of art, according to a recent document published by the U.S. Internal Revenue Service.
Biden Targets Meta, Exxon, Others For Enriching Wall Street Using A Special Tactic
President Joe Biden is set to make his third State of the Union address Tuesday night at 9 p.m. ET according to the White House's official website. One focus of the speech will be his plans to make it harder for corporations to buy back their own stocks, according to a statement the White House released Monday.
Bill To Reshape MMJ Program In D.C. Heads To Mayor Bowser Following Council's Approval
Washington D.C. lawmakers gave the green light to an amended piece of legislation seeking to make several changes to the District's medical cannabis program, reported Marijuana Moment.
New York Jumpstarts Legal Weed Sales Via Delivery Despite GOP Opposition, Experts Warn About High Prices
New York's illegal market for recreational marijuana is thriving, even though the much-anticipated launch of legal sales is just around the corner.
New Data Shows Weed Legalization A Boon For Real Estate, New Jobs And Tax Revenue
A new report from the Federal Reserve Bank shed light on the economic impact marijuana legalization has had in recent years, reported Marijuana Moment. Policy changes on the state level have resulted in increased commercial real estate demand, as well as a surge in tax revenues while creating more jobs.
EXCLUSIVE: Simplifya Brings Key Tax & Accounting Data To Its Cannabis Regulatory Compliance Platform Via Deal With CohnReznick
Simplifya, a regulatory and operational compliance software platform serving the cannabis industry, has teamed up with CohnReznick to bring key tax and accounting data to its Simplifya Market Guide, Benzinga has learned exclusively.
CryptoPunks NFT Owner Sells For $7M Loss, But There May Be Some Upside
A CryptoPunk NFT sold for a whopping 2,691 ETH, worth $3.3 million on Friday. But the owner sold it for a loss of $7 million.  This Punk is one of the 24 apes in the collection, making it one of the rarest characters. 
Indian Blockchain And Crypto Assets Council Dissolved By Parent Organization Amidst Market Downturn
The Internet and Mobile Association of India (IAMAI) has dissolved a division, the Blockchain and Crypto Assets Council (BACC), according to a statement released by CoinDesk.
Cannabis Reg. Update: GOP And DEM Officials Quarrel Over Marijuana, New Legalization Efforts In MS, CA, PA & LA
Connecticut Gov. Lamont’s GOP Opponent Calls For Attorney General Investigation After Tweet and Song Celebrating Legal Marijuana
Why Can Billionaires Avoid Taxes On Stocks But Use Them As Collateral For Loans?
"Daily Show" host Trevor Noah recently criticized the tax laws that allow billionaire Tesla Inc.
Bezos Slams Biden Over Inflation Tweet, Says Disinformation Board Should Fact Check President's Tweet
Amazon.com, Inc (NASDAQ: AMZN) Executive Chairman Jeff Bezos on Friday attacked President Joe Biden for his recent tweet on inflation and corporate taxation.  On Friday, Biden tweeted about curtailing inflation by taxing large corporations in the U.S.
Tax Day Is April 18: 4 Things To Look For So The IRS Doesn't Come A Calling
It’s doubtful Benjamin Franklin knew he was forever linking the IRS to the U.S. Constitution when he said, in a letter to Jean-Baptiste Le Roy in 1789, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.”
Crypto To Supercharge The US? $5B Of Revenue Expected Next Year From New Cryptocurrency Tax
The Biden administration submitted documents showing that the United States expects to receive a hefty capital injection thanks to the application of new crypto tax reporting rules, starting in the 2023 fiscal year.
Biden To Unveil New Minimum Tax On Billionaires In 2023 Budget
According to a recent White House document, President Joe Biden will propose a minimum tax on billionaires. 
Is Medical Marijuana Tax Deductible? IRS Official Provides 'More Clarity' After Misstatement
As we all know, the marijuana industry has grown substantially in recent years, with sales expected to hit $25 billion by 2025.
Illinois Cannabis Sales Drop 15% QoQ In January After Record-Breaking 2021
After hitting a record in December of $140 million, Illinois adult-use cannabis sales plunged 15% to $117.3 million in January. Still, it’s a year-over-year increase of 32%.
Thailand Drops Plans To Tax Crypto 15% After Pushback From Public
Thailand has reportedly scrapped plans to impose a 15% withholding tax on crypto transactions following a surge in cryptocurrency trading. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented.
Illinois Benefits More From Cannabis Than Alcohol, Marijuana Tax Outpaces Liquor By Almost $100M In 2021
Over the past year, Illinois took in more tax dollars from cannabis receipts than alcohol, Marijuana Moment reports.
How Should The U.S. Tax Cannabis And Approach Tax Reform? Expert Gives 3 Approaches
Ulrik Boesen, a Senior Policy Analyst at the Tax Foundation, recently joined Bank of America for an investor call about U.S. cannabis tax policy. Boesen said tax policies toward cannabis in the U.S. today need a lot of improvement, but regulators also have to be careful to avoid negative consequences.