Bitcoin Investors Aren’t Paying Their Cryptocurrency Taxes [Fortune]
H&R Block, Inc. (HRB)
Last h&r block, inc. earnings: 3/5 04:15 pm
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Source: Fortune
Despite months of warnings to pay their taxes on cryptocurrency profits , American Bitcoin investors aren’t in a hurry to tell Uncle Sam what they owe. Early data from one popular tax preparation service shows that only a minuscule proportion—just .04%—of U.S. tax filers have reported their cryptocurrency gains and losses to the Internal Revenue Service so far this year. That’s far fewer than the 7% of Americans who are estimated to own Bitcoin or another cryptocurrency, and who are likely to owe taxes to the IRS on those investments. Of the first 250,000 people to file their tax returns using Credit Karma, fewer than 100 of them disclosed any taxable event for cryptocurrency. Of those, only a single person disclosed a crypto gain or loss big enough to be “significant,” according to Credit Karma, a free credit-monitoring startup. While it’s still early in tax season—at last count , the IRS had received only 18.3 million individual tax returns so far this yea
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News
- Caitlin Clark's exploding value: List of Fever star's endorsements and contract details [USA TODAY]USA TODAY
- Caitlin Clark might soon join select group of WNBA players with signature shoes [USA TODAY]USA TODAY
- Biden Promised IRS Funding Wouldn't Increase Audits For Regular Americans As IRS Audits Poorest Americans 5X More Often Than Others [Yahoo! Finance]Yahoo! Finance
- Tips for filing your 2023 taxes last minute [Yahoo! Finance]Yahoo! Finance
- Some H&R Block customers faced hours of outages on Tax Day [CNN]CNN
HRB
Earnings
- 2/6/24 - Beat
HRB
Sec Filings
- 2/23/24 - Form 144/A
- 2/23/24 - Form 4
- 2/23/24 - Form 144
- HRB's page on the SEC website