During our first phase, we’ll talk about:
Virtual Currency Tax Fairness Act of 2020
:The planned laws would exempt capital beneficial properties taxes if any particular mortal dealings ends in a capital acquire of $200 or much less. Previous variations of the bill planned a $600 cap. If handed, it power take impact inside the 2020 tax yr. Link – H.R. 5635
The IRS has a query for you:
Tax filers inside the U.S. are being requested if Link –IRS Form 1040
Yang proposes “Digital Asset Regulation”
: U.S. Presidential Candidate Andrew Yang desires to Clarify the tax implications of proudly owning, promoting, and buying and merchandising digital belongings. Yang says clear coverage will permit companies to take a position and introduce inside the space with out concern of a regulative shift. Link – Yang 2020
Later on, we’ll dig into the “why” of scams as we start an extended dialog on the subject.
Three details on scams:
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