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IRS to Criminals: Report the Value of the property you stole, it's Taxable Income!

In regard to income from illegal activities being taxable by the feds, that happens to be true. But, studying this aspect of federal taxation reveals ....

General Discussion , Illegal Immigration , News Stories , 16th Amendment , Efinition Of Income , Earned Wages , Income Tax , Rofit Or Gain , Taxable Income ,

UAE: Can you claim the entire interest amount to calculate taxable profit?

As corporate tax is levied on taxable profits, which are calculated after adjusting accounting profits, interest payments can reduce taxable profits, leading to tax . ....

Mahar Afzal , International Financial Reporting Standards , Kress Cooper Management , Profit Shifting , Corporate Tax , Mahar Afzal , Compliance Corner ,

There is no place to hide: Will NFT be taxable?

NFT stands for non-fungible token. It s a fancy term for a unique digital asset that is associated with blockchain technology. Regardless of the recent ups and downs of cryptocurrencies, businesses relating to NFTs have rapidly expanded. It encompasses both tangible and intangible assets such as music, fine art, sports, hard jewelry, virtual goods and more. NFTs will likely continue their double digit growth in the coming years despite the recent troubles with cryptocurrencies. ....

United States , Daniel Shin , Revenue Service , National Tax Service , Internal Revenue Service , Capital Gains , South Korea , North Korea , He Korea Times , Orea Times , Orean News In English ,