New York state financial regulators have issued subpoenas asking Bitcoin-related companies for information into whether safeguards are in place to prevent the virtual currency from being used in illegal activities such as money laundering.
The Senate is expected to vote on the Marketplace Fairness Act of 2013 this week. If passed, online retailers would have to collect sales tax in all states, even if they don't have a physical footprint in the state.
A new taxation survey finds that the administrative burdens of paying taxes are more significant than the financial burdens. Here are a few tips on how to keep the time devoted to your taxes to a minimum.