tax return

All income flows through the business to the owner, who reports profits and losses on their personal tax return.

The IRS treats cryptocurrencies as property for tax purposes, meaning donors can deduct the fair market value of their crypto donations on their tax returns without being subject to capital gains tax.

Last year, Do demanded that LAist fire Gerda for allegedly using falsified tax returns in his reporting, a tantrum that went nowhere because it wasn’t true.

Before becoming president in 2016, Trump declined to disclose his tax returns.

New appointees at the Internal Revenue Service would likely be ordered to audit prominent Democrats’ tax returns, an action Trump demanded during his first term.