What is Direct File? Q.What is Direct File? A.Like the Free File program, a direct file program would provide taxpayers with access to free software that would prepare and electronically submit their returns to the IRS. But, unlike the Free File program that operates through private companies, a direct file program would be developed and run by the IRS. Read more about What is Direct File?
What is return-free filing and how would it work? Q.What is return-free filing and how would it work? A.If an income tax system were simple enough, the government could withhold taxes owed and do its own accounting at the end of the year without much help from taxpayers. Read more about What is return-free filing and how would it work?
How is cryptocurrency taxed? Q.How is cryptocurrency taxed? A.Cryptocurrencies, or “crypto,” allow individuals to exchange money or trade assets through decentralized networks, as opposed to traditional payments systems and trading platforms managed by the finance industry. Read more about How is cryptocurrency taxed?