Crypto-Tuesday February 28, 2023 – Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), has come out with a statement that all digital assets, besides bitcoin, are securities. But according to various … Continue reading Has SEC’s Gensler Decided Against Crypto?
IRS Missed Deadline
Monday February 27, 2023 – Remember that February 17, 2023 deadline Treasury Secretary Janet Yellen set for The Internal Revenue Service (IRS) to create a strategic plan for spending the $80 billion Congress handed them? … Continue reading IRS Missed Deadline
Do ANY Rules Apply To The IRS?
Wednesday February 22, 2023 – The Supreme Court is currently hearing an IRS case that could have a major impact on all Americans. The IRS wants to be able to access bank and other business … Continue reading Do ANY Rules Apply To The IRS?
Crypto AI??
Crypto-Tuesday February 21, 2023 – Crypto mining facilities are becoming increasingly important in the AI world, as they offer the perfect opportunity to host AI processing while remaining within the blockchain space. Through various projects … Continue reading Crypto AI??
IRS Algorithms
Monday February 20, 2023 – This space has been pointing out that the Internal Revenue Service (IRS) is planning to devote its increased budget to machine learning and data analytics, rather than hiring thousands of … Continue reading IRS Algorithms
3M COMPANY vs IRS
Thursday February 16, 3033 – National Review’s Travis Nix asks the question “Who is in charge of tax legislation, the IRS and the Department of the Treasury or Congress. The question is raised because of … Continue reading 3M COMPANY vs IRS
IRS Commissioner Confirmation Hearing Underway
Wednesday February 15, 2023 – The confirmation hearing for the nomination of Daniel Werfel as Commissioner of the Internal Revenue Service (IRS) is underway, with a variety of topics to be discussed. The Senate Finance … Continue reading IRS Commissioner Confirmation Hearing Underway
Crypto Crackdown!
Crypto-Tuesday February 14, 2023 – The crypto world has been rocked by several major regulatory actions. New York regulators shut down new issuance of the world’s third-largest stablecoin, BUSD, while the SEC fined the parent … Continue reading Crypto Crackdown!
IRS Causes Confusion – Then Clarifies
Monday February 13, 2023 – Last week The Internal Revenue Service (IRS) recommended taxpayers of 22 states that issued some form of state tax rebate should delay filing tax returns so the IRS could decide … Continue reading IRS Causes Confusion – Then Clarifies