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Internal Revenue Service (IRS)
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Judge Rules Influencer Cannot Write Off Grammy Tickets, IRS Intensifies Scrutiny on Social Media Stars' Taxes
A recent court decision marked a first in how professional influencers on platforms like TikTok, Instagram, and X pay their taxes, with a judge ruling that an influencer cannot deduct Grammy tickets a
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Wall Street Continues Launching "Box Spread" ETFs Despite US Treasury Tax Scrutiny
Wall Street firms are betting that the strategy, which delivers Treasury bill-like returns with lower taxes through options box spreads, will survive rising scrutiny from the US Treasury. Two new fund
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An American retiree gained $40,000 in stock profits, and while enjoying a 0% capital gains tax rate, this led to 85% of their Social Security benefits becoming taxable, ultimately resulting in a federal tax bill of approximately $635.
This case shows that even if the long-term capital gains tax rate is 0%, the gains are still included in "combined income," which may lead to an increase in the taxable portion of Social Security bene
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Yahoo Finance: The U.S. Social Security Administration and the IRS have discrepancies in how they calculate 401(k) withdrawals and self-employment income, which could lead to up to 85% of Social Security benefits being taxed.
U.S. Yahoo Finance analysis points out that the U.S. Social Security Administration (SSA), when evaluating eligibility for retirement benefits, only counts wages and self-employment income in its earn
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IRS Clarifies Rodeo Winnings' Tax Status for Social Security Recipients, Potentially Affecting Benefits
The IRS determines if rodeo winnings are hobby or business income based on factors like profit motive and record-keeping. For Social Security recipients under full retirement age, if rodeo activity is
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IRS: Claiming Social Security benefits after age 65 will automatically trigger retroactive Medicare Part A coverage, and if you continue to contribute to an HSA during the same period, you will face a 6% penalty each year.
IRS: Claiming Social Security benefits after age 65 will automatically trigger retroactive Medicare Part A coverage, and if you continue to contribute to an HSA during the same period, you will face a
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NYPD investigates gold bar scam that has stolen over $100 million from retirees
The New York Police Department's investigation, which began in May 2024, involves the Department of Homeland Security, the IRS, and other state law enforcement agencies, as authorities believe the sch
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US Social Security May Exclude Royalties from Pre-Retirement Creative Work from Earnings Test, Unlike New Consulting Income
The US Social Security Administration (SSA) treats royalties from creative work completed before retirement differently from income earned from new consulting or services when applying the earnings te
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The U.S. Internal Revenue Service (IRS) is enhancing its ability to identify cryptocurrency tax reporting errors, as new regulations require digital asset brokers to issue 1099-DA tax forms to investors starting from the 2025 tax year.
Many crypto investors fail to properly report their taxes, but the IRS will soon have that information, experts say. Only 32% to 56% of U.S. taxpayers who hold digital assets reported their transactio
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IRS warns crypto holders about fraudsters sending fake letters
The U.S. Internal Revenue Service (IRS) has warned cryptocurrency holders about a scam involving fake letters designed to steal digital assets or data. This warning comes as IRS correspondence regardi
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U.S. Judge Rules Settlement Agreement Between Donald Trump and the IRS Invalid
Svmuu News: Market Update: A U.S. judge has ruled that the settlement agreement between Donald Trump and the Internal Revenue Service is invalid. (Jin Shi)
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Judge Rules Influencer Cannot Write Off Grammy Tickets, IRS Intensifies Scrutiny on Social Media Stars' Taxes
A recent court decision marked a first in how professional influencers on platforms like TikTok, Instagram, and X pay their taxes, with a judge ruling that an influencer cannot deduct Grammy tickets a
-
Wall Street Continues Launching "Box Spread" ETFs Despite US Treasury Tax Scrutiny
Wall Street firms are betting that the strategy, which delivers Treasury bill-like returns with lower taxes through options box spreads, will survive rising scrutiny from the US Treasury. Two new fund
-
An American retiree gained $40,000 in stock profits, and while enjoying a 0% capital gains tax rate, this led to 85% of their Social Security benefits becoming taxable, ultimately resulting in a federal tax bill of approximately $635.
This case shows that even if the long-term capital gains tax rate is 0%, the gains are still included in "combined income," which may lead to an increase in the taxable portion of Social Security bene
-
Yahoo Finance: The U.S. Social Security Administration and the IRS have discrepancies in how they calculate 401(k) withdrawals and self-employment income, which could lead to up to 85% of Social Security benefits being taxed.
U.S. Yahoo Finance analysis points out that the U.S. Social Security Administration (SSA), when evaluating eligibility for retirement benefits, only counts wages and self-employment income in its earn
-
IRS Clarifies Rodeo Winnings' Tax Status for Social Security Recipients, Potentially Affecting Benefits
The IRS determines if rodeo winnings are hobby or business income based on factors like profit motive and record-keeping. For Social Security recipients under full retirement age, if rodeo activity is
-
IRS: Claiming Social Security benefits after age 65 will automatically trigger retroactive Medicare Part A coverage, and if you continue to contribute to an HSA during the same period, you will face a 6% penalty each year.
IRS: Claiming Social Security benefits after age 65 will automatically trigger retroactive Medicare Part A coverage, and if you continue to contribute to an HSA during the same period, you will face a
-
NYPD investigates gold bar scam that has stolen over $100 million from retirees
The New York Police Department's investigation, which began in May 2024, involves the Department of Homeland Security, the IRS, and other state law enforcement agencies, as authorities believe the sch
-
US Social Security May Exclude Royalties from Pre-Retirement Creative Work from Earnings Test, Unlike New Consulting Income
The US Social Security Administration (SSA) treats royalties from creative work completed before retirement differently from income earned from new consulting or services when applying the earnings te
-
The U.S. Internal Revenue Service (IRS) is enhancing its ability to identify cryptocurrency tax reporting errors, as new regulations require digital asset brokers to issue 1099-DA tax forms to investors starting from the 2025 tax year.
Many crypto investors fail to properly report their taxes, but the IRS will soon have that information, experts say. Only 32% to 56% of U.S. taxpayers who hold digital assets reported their transactio
-
IRS warns crypto holders about fraudsters sending fake letters
The U.S. Internal Revenue Service (IRS) has warned cryptocurrency holders about a scam involving fake letters designed to steal digital assets or data. This warning comes as IRS correspondence regardi
-
U.S. Judge Rules Settlement Agreement Between Donald Trump and the IRS Invalid
Svmuu News: Market Update: A U.S. judge has ruled that the settlement agreement between Donald Trump and the Internal Revenue Service is invalid. (Jin Shi)
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Internal Revenue Service (IRS)
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