Monday, July 26, 2021

How T0 Pay For Infrastructure Without More Debt Or Taxes

The heavy traffic on the interchange between the Interstate 10 and 110 freeways near downtown Los ... [+] Angeles, California during rush hour. Highway repair is one of the urgent needs of a new infrastructure initiative on Capitol Hill.

Global wealth is the subject matter of a new report that could suggest a source for funding U.S. ... [+] infrastructure.

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Publisher: Forbes
Date: 2021-07-26
Author: Andy J Semotiuk
Twitter: @forbes
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I inherited land that recently sold. What will I owe in taxes? - The Washington Post

The land has now been sold, and I'm supposed to get a third of the share of the proceeds per her will. What do I have to pay in taxes on the money? I know there are capital gains on the property, but how does that work? Do we use the value from when my great-grandfather passed as a base?

Publisher: Washington Post
Date: 2021-07-26T10:00:05.123Z
Twitter: @WashingtonPost
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Owner of Business Providing Physical Therapy Services Sentenced to 15 Months in Federal Prison

Baltimore, Maryland – Chief U.S. District Judge James K. Bredar sentenced Harshe Shende, age 57, of Hanover, Maryland, to 15 months in federal prison, followed by two years of supervised release, for willful failure to pay over employment taxes.

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Date: 2021-07-26T13:38:48-04:00
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Tax loophole: Wash sale rules don't apply to bitcoin, ethereum, dogecoin

The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices.

Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds, according to Onramp Invest CEO Tyrone Ross.

Publisher: CNBC
Date: 2021-07-25T13:03:28 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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Most U.S. Olympians to Avoid Federal Taxes on Tokyo Medal Prizes

Signed into law by President Barack Obama after unanimously passing both the House and Senate save for one vote, the Act excludes from the calculation of adjusted gross income for federal income taxes "the value of any medal awarded in, or any prize money" received from the USOC or competition in

Twitter: @Yahoo
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S.Korea to toughen rules to collect cryptocurrencies from tax dodgers | Reuters

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken June 29, 2021. REUTERS/Dado Ruvic/Illustration

SEOUL, July 26 (Reuters) - South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry said on Monday.

Publisher: Reuters
Date: 2021-07-26T06:30:00Z
Author: Cynthia Kim
Twitter: @Reuters
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IRS unemployment tax refund update: more July payments?

Some recipients of the refunds have been posting on social media, including in Facebook groups, to say they’ve been given a payment date of July 28. That’s this Wednesday.

The Internal Revenue Service (IRS) tends to send these payments out in batches, meaning lots of recipients end up with similar dates.

Publisher: Fast Company
Date: 2021-07-26T09:01:43
Author: Christopher Zara
Twitter: @fastcompany
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It's time to pay taxes in Greenwich - or face additional interest charges

Need to pay your taxes? Get in line, like these Greenwich residents. who paid their taxes at Greenwich Town Hall in Greenwich, Conn., Thursday, Dec. 28, 2017.

All tax bills were sent out last month , said town Tax Collector Heather Smeriglio. And payments are due no later than Aug. 2.

Publisher: GreenwichTime
Date: 2021-07-26 12:00:00
Author: By Karen Tensa and Ken Borsuk
Twitter: @GreenwichTime
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Bookkeeper Sentenced for Fraud and Tax Evasion | USAO-MA | Department of Justice

BOSTON – The owner of a firm that provided payroll and payroll tax services to small businesses in New England was sentenced on Thursday, July 22, 2021 for defrauding clients by diverting the funds her clients set aside for payroll taxes.

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Date: 2021-07-26T15:18:42-04:00
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Should only the little people pay taxes?

I yield to no one when it comes to cynicism about politicians who see tax cuts for the rich as the answer to every problem.

Yet even I was caught by surprise when Republicans negotiating over a possible infrastructure bill ruled out paying for it in part by giving the Internal Revenue Service more resources to go after tax evasion.

Publisher: Austin American-Statesman
Author: By Paul Krugman
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