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New 1099-DA Reporting Creates More Headaches for Taxpayers

New 1099-DA Reporting Creates More Headaches for Taxpayers

You might think that new tax reporting rules for exchanges should mean less work for the taxpayer, but it’s the opposite, says CPA Kirk Phillips.

UK taxpayers must file crypto profits separately from 2025

UK taxpayers must file crypto profits separately from 2025

In a statement to accompany today's budget, the UK government said taxpayers must start splitting out crypto income when filing tax returns.

Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

Biden pledges ‘no cost to the taxpayer’ to shield SVB, Signature depositors

While the federal government’s proactive approach to minimizing damage was appreciated, many pointed out that taxpayers would ultimately suffer the de...

SVB, Signature Bank Losses Will Not 'Be Borne by the Taxpayer', Insists President Biden

SVB, Signature Bank Losses Will Not 'Be Borne by the Taxpayer', Insists President Biden

Though clients will be made whole thanks to regulatory intervention, President Biden said the same won't be true for the banks' management.

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