irs

The Binance Crackdown Will Be an 'Unprecedented' Bonanza for Crypto Surveillance. Binance’s settlement requires it to offer years of transaction data to US regulators and cops, exposing the company—and its customers—to a “24/7, 365-days-a-year financial colonoscopy.” Excerpt: "One attraction...

If I get paid by US customers and deposit the cheques in a checking account in a US bank (most notably one that won’t earn $10 in interest per year), will this get reported to the Canadian tax authority? My understanding from the fatca agreement that the two countries have is that as long as the...

I was watching a documentary and in it two IRS agents say they don't file federal income tax returns, is this true?

How is this not an attack on the lower and middle class in the US? What a scam. "Millions of gig workers and sellers that use payment networks like PayPal, Venmo and Zelle look set to get a tax form in the new year that they haven’t received before, unless a corporate lobbying push is...

So I'm fairly new to crypto and I'm freaking out about tax season already. I recently spoke to someone who is into several mining projects such as BUSD paycheck, Baked Beans & Drip and all he does is transfer his earnings from his wallet to an exchange and then to his bank account in smaller...

Hello, new here. As a side note, are there any other places where tax strategies like this can be discussed openly? I haven't really found anywhere I can ask these kind of things? My taxes are due June 15th this year for 2020 tax year. I have yet to report any crypto on any of my taxes. I've...

This is my situation: I never declared any taxes ever in my 10+ years of legal residence in the US. I had been relatively poor most of that time, working for my extended family in the US. My bank account had always less than 10K USD and my coinbase account has always had less than 10K USD (until...

Hello, this is the first presentation that I have to do, if someone with experience can contact a CPA or some site that does this or if it is possible to do it yourself the forms 5472 and 1120? or it is necessary to hire a third party, if there are people who have already made their annual...

Has anyone used services for ITIN application? Some do not entertain non-residents who does not have any grounds to get an ITIN. I am trying to get an ITIN because I want to open an account in the US as Transferwise closed my account. I have seen some sites where they offer issuing of ITIN for...

I understand that you have to contact them in order to get assets back from enterprises that have been forfeited/seized/shutdown. I have also heard they do a preliminary investigation on the person who requests/claims money that was seized back, does anyone have experience with this agency (IRS...

I'm going to set up an offshore foundation for donation purposes for me and a few others - does anyone know if (since I'm a US citizen) I will still have to file a 990-PF form with the IRS related to this offshore private foundation? On 990s, I know you have to disclose all donors that have...

In recent time, i see lots of discussion about anonymity issues. They all are talking about IRS, FATCA and #panamaPapers. Over 100 nations have already agreed to provide the IRS with such information, including Germany, France, Spain, Italy, Switzerland, Austria, Sweden, Denmark, and Norway. So...