Can FTX customers write-off their losses on their taxes | Fortune
After the dramatic collapse of FTX, some users are already looking to write off their losses. But the process won't be that quick or simple.
FTX customers, unlike previous failed crypto firms, may be in a better position because the exchange's terms of service allowed account holders retain right and title to their assets .
What are taxes and what are they for?
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Most funds that governments use to function and to meet people's needs come from the tax money paid by individuals and businesses. Here we tell you what taxes are and what they're used for.
Complexities of the Superfund Excise Taxes Require IRS Guidance
Due to uncertainty and lack of guidance by the IRS, chemical importers must carefully consider whether their chemical derivative products could be categorized as taxable substances, understanding that a conservative approach could put them at a competitive disadvantage, Rachel Smith and Taylor ...
NASCAR doesn't have to pay taxes on races broadcast in the state, Ohio Supreme Court rules: ...
The unanimous court ruled against the Ohio Tax Commissioner, who had ordered NASCAR to pay the state nearly $550,000 for money it earned through broadcasting races, online marketing and sponsorship fees. AP
Not so fast: The Ohio Supreme Court told the Ohio Tax Commissioner's Office it cannot tax Florida-based NASCAR for selling the rights to broadcast races that aired on television in Ohio, among other commercial activity tax revenue the state assessed.
Permian Basin accounts for 68% of state severance taxes on oil and gas production in fiscal year ...
Oil and gas production taxes from the Permian Basin represented about 59% of total state severance taxes in fiscal 2019 and about 64% in fiscal 2020 and 2021 and 68% in fiscal year 2022, the Midland-Odessa Transportation Alliance detailed a press release.
The Permian Basin contributed about $979 million in royalties to the state through the Texas Permanent University Fund in fiscal 2021.
Thanksgiving and. . . Taxes? | Rivkin Radler LLP - JDSupra
I am guessing that, later this week, many if not most of us will celebrate our uniquely American holiday, Thanksgiving Day. Hopefully, we will be fortunate enough to spend the day and share a meal with family and friends.
I’m willing to bet that turkey [i] will be on the menu – whether roasted or fried, whole, quartered, or segmented in some other way [ii] – alongside lasagna, moussaka, tandoori chicken, sauerbraten, rice and beans, perogy, goulash, couscous, kebab, borscht, empanada, chicken ...
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