Did you trade or sell Bitcoin, Ether, or other digital currencies in 2020? If so, you’ll have information you need to report on your tax return. With the tax deadline rapidly approaching, TaxBit’s CPAs and tax attorneys are breaking down...
As wealthy Americans took advantage of cheap mortgages, increased savings and the ability to work from home during the pandemic, their demand for bigger homes and million-dollar listings outpaced sales of homes across all other price ranges. The number of...
American families are set to receive a more generous child tax credit for 2021. Starting in July, the IRS will begin sending out monthly payments of $250 or $300 through December to low- and moderate-income families who qualify, depending on...
More than 2 million homeowners who thought they couldn't afford to refinance their mortgages — which can provide huge savings over time but takes a bit of cash upfront — can now get a cheaper loan through a new government...
Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam. Dogecoin ultimately fell 15.4% to...
Losing a job doesn't just mean saying goodbye to a paycheck. It often means losing health insurance. Though not all employers provide subsidized health insurance to their staff, many do, so getting laid off can deal that extra financial blow...
Q1 2021 in Review There appears to be light ahead in the tunnel. Since the vaccines have been made available through the US, millions of Americans per day are getting vaccinated. About 40% of Americans have received at least one...
Implosion prompts look at how firms reveal derivative holdings Agency also reviewing short bets following GameStop rally U.S. regulators are considering tougher disclosure requirements for investment firms in response to this year’s implosion of Archegos Capital Management and trading gyrations...
Fed enters blackout period at end of week ahead of April FOMC ​U.S. entering period of faster growth; case spike a risk The Federal Reserve will likely scale back its bond purchases before considering raising interest rates, Chairman Jerome Powell...
Having a 401(k) is one thing. Making the most of it is another. One of the best things you can do for your financial future is to ensure you're getting all that you can out of your employer-sponsored plan. Here,...
The fast rise and even faster fall of a trader who bet big with borrowed money. Before he lost it all—all $20 billion—Bill Hwang was the greatest trader you’d never heard of. Starting in 2013, he parlayed more than $200...
The International Monetary Fund has long favored adoption of a global minimum tax on corporate profits, the Fund's chief economist, Gita Gopinath, told reporters on Tuesday, calling tax avoidance a troubling issue for the global economy. Gopinath said current disparities...
Last year, when the coronavirus outbreak first hit hard, the IRS was quick to respond by postponing the 2020 tax-filing deadline from April 15 to July 15. At a time when so many people were losing their jobs and dealing...
Over eight million people opened new brokerage accounts in the first three quarters of 2020. While the thrill of enormous stock gains may have provided a much needed distraction for some during the pandemic, unintended tax consequences are now manifesting...
The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like the GameStop saga earlier this year, serves as a reminder of the dangers posed by extreme leverage,...
