The Inflation Reduction Act sends more than $45 billion to the IRS for “enforcement.” The law says they’ll be specifically pursuing “digital asset monitoring and compliance activities,” apart from more general tax enforcement. The crypto tax hunt is on.
Category Archives: Innovation
Alex Jones Gets $49.3M Tax Write Off, Plaintiffs Have To Pay IRS Tax On Verdict
A Texas jury rendered a verdict in Alex Jones’ defamation trial, ordering Jones to pay $45.2 million in punitive damages on top of $4.1 million in compensatory damages to Neil Heslin and Scarlett Lewis, the parents of a 6-year-old boy killed in the Sandy Hook school shooting.