The Internal Revenue Service doesn't consider cryptocurrency to be actual money. But it does consider it to be a valuable asset and if you made dollars on bitcoins and other cryptocurrencies, that money is going to be taxed.On the other hand, following the $1.4 trillion crypto industry drop in value in 2022, if you had substantial losses, as many did, you could get some tax … [Read more...] about The IRS is watching digital ‘assets’
Finance
Consider locking down credit this winter
In honor of the shivering fingers and toes of winter, it's a good time to freeze something else: Your credit.Freezing your credit these days can be relatively easy online and it can protect you from fraudsters looking to steal your identity and open credit cards in your name. If a criminal can get a credit card in your name, you might quickly find yourself hounded by … [Read more...] about Consider locking down credit this winter
Payment app fraud can be a financial disaster
There are lots of ways to get scammed out of money these days, but it is happening frequently with payment apps. Pew Research found that 13 percent of payment app users realized they had sent money to scammers and 11 percent reported that their account had been hacked. Many more have likely been scammed without realizing it. And with authorized transactions, once the money … [Read more...] about Payment app fraud can be a financial disaster
De-Grinching Christmas by fighting inflation
Maybe the Grinch isn't real, but as inflation continues unabated, it could feel like your Christmas has been stolen.Happily, there are still ways to save some money. First, it's smart to put your holiday gift list together earlier rather than later. This way, you'll have more time to watch for great deals and you won't make last-minute purchases in a panic. You can also … [Read more...] about De-Grinching Christmas by fighting inflation
CEOs fear recession in the near future
No matter the day, week, or year, if you check out business headlines, there's a good chance that you'll read that the sky is falling. Thing is, one day the doomsayers will eventually get it right. With 90 percent of chief executive officers predicting a recession, their fears may seem plausible. Consulting firm KPMG conducted a survey quizzing 40 leaders at major American … [Read more...] about CEOs fear recession in the near future