$14.84
-0.300 (-1.98%)
At Close: Jun 03, 2026
IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year More Than $3.5 Billion in Crypto Seized This Year Regulation Bitcoin News
12:30am, Monday, 22'nd Nov 2021 News Bitcoin.com
The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next year.
New Standard Deduction And Higher New Tax Brackets For 2022
08:31pm, Sunday, 21'st Nov 2021 FinancialNewsNetwork
The IRS has announced new standard deductions and new tax brackets for 2022, reflecting higher price levels thanks in part to inflation. This is great news tax planning for many tapayers. Read more: https://www.forbes.com/sites/davidrae/2021/11/21/new-standard-deduction-and-higher-new-tax-brackets-for-2022/
GOP-linked nonprofit funneled millions to white supremacists and Jan 6th organizers: report
01:31pm, Sunday, 21'st Nov 2021 AlterNet
According to a report from the Daily Beast''s Roger Sollenberger, a dark money nonprofit with ties to the Koch family has been funneling millions of dollars into organizations promoting white supremacy as well as supporters of Donald Trump linked to the Jan 6th insurrection. Based upon an IRS filing from Donors Trust, reported upon by CNBC, the Beast explains that the nonprofit took in $360 million last year to disperse as it sees fit. According to the report, beneficiaries of donations have been linked to the organizers of the Jan 6th rally -- that turned into a riot at the U.S. Capitol -- as well private universities. Calling Donors Trust the "dark money ATM of the right," the report states the organization that does not have to reveal who gives it money, " gave more than $2 million to groups linked to white supremacists, including the VDARE Foundation." Government ethics expert Norm Eisen claimed, after reviewing the IRS filing that it is "profoundly concerning for the future of our democracy." With the Beast reporting, "the group channeled major support for entities which fought to overturn President Joe Biden''s 2020 victory and organized the Jan. 6 rallies in Washington, D.C." Eisen claimed, "The Donors Trust is taking advantage of the dangerous opacity of our tax and related laws and regulations to fund alleged white supremacist and white nationalist associated groups, those who were bad actors in wrongly attempting to spread misinformation about or overturn the legitimate 2020 election results, and even groups that were responsible for the rally that helped trigger the Jan. 6 insurrection." According to the Beast''s Sollenberger, "Donors Trust posted record numbers in 2020.
Trump''s Estate Tax Giveaway To Rich Triggered 50% Drop In IRS Revenue: Report
04:24am, Sunday, 21'st Nov 2021 HuffPost
Billionaires, meanwhile. have doubled their collective net worth to more than $5 trillion in just 5 years.
Stagflate Tax Lie To Get Worse? IRS Moving Us Into Higher Tax Brackets After Record Inflation Numbers
09:00pm, Saturday, 20'th Nov 2021 SilverDoctors
Devalue the currency more, lie about the real inflation rate, and by Jason Burack of Wall St For Main St Stagflate Tax Lie: Create More Inflation/Currency Devaluation, Lie About The []
The IRS Is Looking To Seize Billions Of Dollars Worth Of Cryptocurrency In 2022
04:43pm, Saturday, 20'th Nov 2021 ZyCrypto
Cryptocurrencies were this year a major method of avoiding taxation in the United States according to an annual report published by the Internal Revenue Service. The IRS said it has confiscated $3.5 billion worth of cryptocurrencies linked to tax fraud, and the amount makes up 93% of all assets confiscated this year so far. I []
Nothing to Hide from IRS Snooping? It Might Not Matter
01:40pm, Saturday, 20'th Nov 2021 Investment Watch Blog
Lost in the shuffle of all the potential revenue-raising proposals being put forward by Democrats to pay for legislation that could end up costing taxpayers more than $5 trillion is
IRS Seized Crypto Worth $3.5 Billion This Year, Predicts Even More In 2022
07:00am, Saturday, 20'th Nov 2021 Bitcoinist
The United States Internal Revenue Service (IRS) on Thursday published its annual Criminal Investigation (CI) report. During the fiscal year of 2021, the agency reported that it seized $3.5 billion worth of crypto. According to the latest criminal investigation report, this figure accounted for 93% of all the assets that the tax enforcement seized that year. The []
$3.5B Worth of Crypto Seized by the IRS Cybercrime Unit in 2021
04:05am, Saturday, 20'th Nov 2021 CryptoPotato
The Cybercrime Unit of the United States Internal Revenue Service (IRS) reported that 93% of all seizures made in 2021 involved cryptocurrencies.
Hidden costs of Build Back Better: Tax hikes, IRS on Americans backs, critics say
01:59am, Saturday, 20'th Nov 2021 New York Post
The hidden costs of President Biden''s nearly $2 trillion "Build Back Better" plan could raise taxes on Americans -- who could be investigated by the IRS, critics said Friday.
In Bid to Buy US Constitution, Dollars Dominate Crypto
11:59pm, Friday, 19'th Nov 2021 PYMNTS
Yes, Nicolas Cages remunerative body of work is spotty. And there was his run-in with the IRS. But when his character in the 2004 film National Treasure found a secret map cleverly coded into the actual Declaration of Independence, it got a lot of people thinking. Some thought why am I watching this? while others []
IRS Announces 2022 Cost-of-Living Adjustments
08:18pm, Friday, 19'th Nov 2021 JD Supra
The IRS has announced the 2022 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Retirement Plans - In 2021, many of the limitations that apply to retirement plans remained consistent from the 2020 limit. For 2022, almost all of the limitations have increased…. By: Foster Swift Collins & Smith
IRS Cracking Down On Crypto Scams, Seized $3.5 Billion This Year
07:14pm, Friday, 19'th Nov 2021 IBTimes
The IRS is cracking down on crypto fraud scams as the agency has seized $3.5 billion in stolen assets this year.
IRS report: 93% of criminal investigations invilve crypto
06:41pm, Friday, 19'th Nov 2021 Cryptopolitan
IRS report claims that 93% of criminal investigations ongoing involve crypto
WH: CBO undervalued IRS enforcement income
06:01pm, Friday, 19'th Nov 2021 Breaking the News 24/7
White House Press Secretary Jen Psaki said on Friday that the Congressional Budget Office (CBO) estimate of the cost of the Build Back Better Act undervalued the income that will flow in from Internal
Sign In
Buy IRS