Investors in the United States must include the value of their digital asset staking rewards as part of their gross income, the Internal Revenue Service (IRS) has ruled. In its latest ruling, the tax agency says staking rewards become taxable when the taxpayer gains control over the assets. ...
At the center of some of the attention around the new rule is the question of how you know if you'll need to pay taxes on third-party payment app transactions. It's important to note that the IRS has always expected individuals to report all taxable income, which includes money you make...
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Form 3800 is used to calculate the General Business Credit, which helps small business owners cut their federal income tax bill. That’s why small business owners such as partners, S corporation shareholders, andsole proprietorsought to be familiar with the form. But before diving into th...