The Biden admin knows you are stupid. What is my evidence? Allow me to lay it out.
“I bet I can get these knuckleheads to go for this. They won’t even realize what I’ve done. Yeah, that’s the ticket.”
Just when you thought the government of the United States of America had forgotten about you, the Internal Revenue Service sends you a love letter telling you how the cow shall consume the cabbage as it relates to taxes on the use of cryptocurrency.
They had previously opined on the subject last back in 2014 with IRS Notice 2014-21. Five long years and, finally, our pals from the IRS are back with an additional dose of wisdom.
I know what you’re saying, “Wow, this is really going to be great. Oh boy!”
[Pro tip: Hold onto that enthusiasm and, maybe, redeploy it at some future date.]
The guidance (on the specific issue of forks and airdrops) has come in the form of Revenue Ruling 2019-24 which you can find right here.
The real assistance is in the form of a series of Frequently Asked Questions on Virtual Currency Transactions. You can find that gem of wisdom right here.
Big Red Car here. Ah, it’s finally summer in the ATX. It is a little warm, to be sure. But, then it is almost August, no?
So, The Boss was helping a brilliant young CEO and the issue of what exactly is going on with independent contractors came up. Continue reading
Big Red Car here. Sticky and warm here in the ATX. Already in the low 70s and likely headed to needing A/C for the mugginess before the day is over. Bit cloudy.
So The Boss is talking to one of his politico pals and they get on the subject of the IRS. The Big Red Car eavesdrops. [Haha, the Big Red Car is worse than the damn NSA!]
Big Red Car here and I don’t want to get audited by the IRS. The IRS scares the crap out of the Big Red Car and the Big Red Car is not afraid of too damn much.
But, here goes — the IRS is a criminal enterprise. and should be punished and disbanded. OK, I said it and now I am going to tell you why.
Big Red Car here. Well, The Boss is upset about the IRS scandal and has been beating his gums pretty damn hard.
At first, I was thinking this was much ado about nothing. But, now, the Big Red Car is calling for the abolition of the IRS — the Internal Revenue Service.
Big Red Car and betraying a bit of IRS fatigue. The big question is really — who is running things in Washington, the District of Columbia and over at the Internal Revenue Service?
The answer, Old Sport, is NOBODY! Continue reading
Big Red Car here. The Boss was laughing with one of his pals today at coffee. They were talking about the President’s recent firing of Acting IRS Commissioner Steven Miller.
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