A 50-year-old millionaire from New Jersey who was living in Boca Raton, Florida, was convicted of tax evasion, the U.S. Attorney’s Office announced on Friday.
In a long-awaited step against tax evasion in cryptocurrency markets, the Treasury Department adopted a final rule requiring many crypto platforms to begin reporting users’ transactions to the Internal Revenue Service.
The Internal Revenue Service (IRS) is advising marijuana companies that they still cannot take federal tax deductions for business expenses that afforded to other traditional industries unless the administration finalizes a rule to…
Philippine lawmakers reportedly approved a bill that would tax foreign digital services, including streaming services like Netflix, HBO and Disney+. Having passed both the Senate and the House of Representatives, the bill will become law…
Parents putting money away for their children should be aware of a tax rule which could see them having to pay tax on the interest accrued in certain accounts.