SEOUL’S LOCAL GOVT. SEIZED CRYPTOCURRENCIES OF TAX DELINQUENTS

Highlights –

• Seoul’s local govt. seized cryptocurrencies of tax delinquents.
• The city government found the cryptocurrencies of 1,566 individuals.
• More than 25 billion won (US$22 million) in virtual assets from 676 of them were s...

CARES Act SENDS $1.4 BILLION TO DECEASED PEOPLE, LEGALLY THIS MONEY CANNOT BE ASKED BACK

Highlights: 

• A glitch in deceased data maintenance leads the government relief funds to be sent to 1.1 million deceased people 
• Legally, this money cannot be asked to be returned

The coronavirus relief funds were distribute...

When feeling overburdened, the Taxpayer should contact a Low Income Taxpayer Clinic (LITC)

As specified by Patrick Thomas, Regardless of changes that caused a reduction in taxes for a lot of people, the changes to the IRS’s tax policy will now make for individuals accountable for taxes or they’ll receive a refund lesser than anticipated by them. Thomas recommended: “If taxpayers owe an...