IRS may put cryptocurrency question at the top of 1040 to catch cheaters

Virtual currency profits are taxable under US law.

IRS may put cryptocurrency question at the top of 1040 to catch cheaters

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The Internal Revenue Service is considering adding a question to Form 1040—America's primary income tax form—asking tax filers if they dealt in virtual currency in 2020. It would be the agency's latest attempt to crack down on underreporting of cryptocurrency profits.

If an American buys bitcoin, ether, or another cryptocurrency and then sells it later at a profit, she or he will typically owe capital gains tax on the difference. But blockchains do not have the tax reporting infrastructure that has become standard for conventional financial institutions. So the IRS doesn't have an easy way to figure out who has received a cryptocurrency windfall. In the early years of the bitcoin boom, many taxpayers failed to report large bitcoin-related profits.

In recent years, the IRS has increased pressure on cryptocurrency traders to comply with tax laws. A 2014 bulletin laid out the basic rules for paying taxes on virtual currency price gains. In 2016, the IRS sought transaction data about thousands of users of Coinbase, a popular US-based cryptocurrency exchange. Coinbase complied with the request in 2018 after some legal wrangling.

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Samsung launches Galaxy Tab Active3 rugged tablet (with a rugged pen)

Samsung’s latest rugged Android tablet designed for use outdoors or in rough environments is available starting today in select markets in Europe, Asia, and elsewhere. The Samsung Galaxy Tab Active3 features an 8 inch, 1920 x 1200 pixel display,…

Samsung’s latest rugged Android tablet designed for use outdoors or in rough environments is available starting today in select markets in Europe, Asia, and elsewhere. The Samsung Galaxy Tab Active3 features an 8 inch, 1920 x 1200 pixel display, a Samsung Exynos 9810 octa-core processor, 4GB of RAM, support for up to 128GB of internal storage […]

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The Audi e-tron Sportback is a stylish sophomore electric car

It’s a better drive than the first e-tron, but efficiency still lags rivals.

December 2018 marked the arrival of the Audi e-tron, the first in a massive onslaught of post-dieselgate electric vehicles from Volkswagen Group. With brands across VW Group still working on new bespoke EV platforms and architectures, the e-tron was a bit of a stopgap, intended to reach the market quickly to show that upper management was now serious about electrification. Now it has company in the form of the new Audi e-tron Sportback.

Audi says that the e-tron Sportback is for its customers who care about the planet but also about aesthetics—basically you buy this car if the thought of an A7's carbon footprint is unbearable. To my eyes, the design team should consider its work a success. The e-tron Sportback is a more attractive vehicle than either the e-tron SUV or the closely related (but internal combustion engine-powered) Q8. In fact, if you ignore everything below the top of the wheel arches, it's a stunner, particularly the flare of the bodywork around the rear wheel and then that little ducktail spoiler.

Overall, the roofline of the e-tron Sportback is about half an inch (12.7mm) lower than the e-tron, and in US-spec with reflective side-view mirrors it has a drag coefficient of 0.28 (a reduction of 0.02).

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ASRock iBOX 1100 is a fanless Tiger Lake desktop (designed for embedded and industrial use)

The first little desktops with Intel Tiger Lake processors are coming soon, with new Intel NUC and similarly-sized mini PCs in the works. But one of the first to be officially announced isn’t aimed at consumers at all (although I suspect it coul…

The first little desktops with Intel Tiger Lake processors are coming soon, with new Intel NUC and similarly-sized mini PCs in the works. But one of the first to be officially announced isn’t aimed at consumers at all (although I suspect it could be used as a general purpose PC). The ASRock iBOX 1100 is a […]

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Blackrock-Enteignen – aber wie?

Am Wochenende fand in Berlin das Tribunal gegen Blackrock statt. Nach dem Urteil verstößt der Konzern “gegen die wesentlichen Prinzipien der Demokratie, gegen Völkerrecht und Menschenrechte”

Am Wochenende fand in Berlin das Tribunal gegen Blackrock statt. Nach dem Urteil verstößt der Konzern "gegen die wesentlichen Prinzipien der Demokratie, gegen Völkerrecht und Menschenrechte"