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The IRS added a new question to the top of the 1040 tax form, aimed at identifying people who make money on cryptocurrency transactions. Cryptocurrency, or virtual currency, includes things like Bitcoin and is a digital representation of value that functions as a medium of exchange, according to the IRS.The question asks: “At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” The only options to answer are yes or no.The question is similar to one that was added to the form for 2019 tax filings. At the time the question was on a section used to report certain additional income or adjustments, called Schedule 1. However, not a lot of people file Schedule 1 forms with their return. In 2014, the IRS issued a notice that virtual currency should be treated as property for tax purposes. Tax experts say the move, putting the question on the main form, may signal that the IRS is serious about going after virtual currency investors who under-report their holdings.“In my view, the IRS is treating omitted virtual currency transactions in the same manner it pursues foreign bank accounts of U.S. taxpayers,” Lewis Taub, a certified public accountant and director of tax services at Berkowitz Pollack Brant Advisors + CPAs told Yahoo Finance. “By asking the question on the top of the first page of the return, the IRS is making it clear that any income from gains or losses from virtual currency must be reported on the return.”The question will appear at the top of the 1040 form, right below a person’s name and address.The IRS has increased their investigations into cryptocurrency investments, getting digital currency exchanges to release information about investors activity.Among recent high-profile cases was software mogul John McAfee, who was accused of tax evasion using cryptocurrency in October, according to FOX News. 1922
The owl rescued from the Rockefeller Christmas tree is being memorialized by Frontier Airlines.On Tuesday, the airline company announced that the northern saw-whet owl, which was discovered in the Rockefeller Christmas tree last month, will be featured on the tail of their new Airbus A320neo aircraft.The aircraft is set to roll out sometime in 2021.“We’re always looking for new ideas for our plane tails, and when we heard the story of Rocky, we thought it entirely befitting that this intrepid little owl is honored on one of our tails,” said Tyri Squyres, vice president of marketing, Frontier Airlines in a press release. “Rocky will be remembered for years to come with her very special story enjoyed by thousands of travelers who fly on ‘Rocky the Owl.’”Rocky will join more than 100 other animals that are featured on tails in the Frontier fleet, the company said.After being rescued from the Christmas tree, Rocky was released back into the wild last month. 975

The housing market halted at the start of the coronavirus pandemic in the United States, but now that sector of the economy is seeing the strongest recovery.“Housing economist have been optimistically surprised by the return of buyers to the market,” said Zillow Economist Skylar Olsen. “The overall availability of inventory is more constrained now than it was last year and that is putting upward pressure on prices, meaning that prices are stable.”Over the last few weeks, realtors like Michelle Pfeffer in New York City have noticed not only a strong market, but a new trend with the most competitive sales being homes located in the suburbs.“A lot of properties that are coming on the market are having showings within a couple of days and a lot of multiple offer situations,” Pfeffer said about homes in the suburbs. “We are definitely seeing more people moving out of the city.”Lingering uncertainty around the pandemic, and a possible second round of closures and self-quarantines have motivated many of these moves.“We are getting people who have been in quarantine for a couple of months now in small quarters and maybe have decided that it is more of a priority to have a yard and space,” Pfeffer added. “Also, because we have had a big technological shift, companies that weren’t offering remote work options previously were sort of forced into it and found that it was effective. Which means that they don’t have to be in the office every day and it gives them the opportunity to live in further distances.”According to research by Zillow, New York City, Miami, and San Jose are so far one of three cities seeing the trend of a substantially higher number of people moving out of the city and to the suburbs.Economist at Zillow are monitoring sales and home searches to see if this is a trend that will spread to other major cities or not, in addition to other possible trends the pandemic may cause in the housing market.“This experience can bring a lot of changes to housing, but it is a little bit too early to see how we’ll actuate that out and you can imagine a lot of different ways that can play out,” said Olsen. 2141
The Gwinnett County Police Department says it has fired an officer for violating policy in a now-viral arrest in which he used a stun gun on a Black woman.In a press release, the department said that it had fired Officer Michael Oxford on Friday, adding that he "violated our policy and did not meet our core values."The video, which has been viewed thousands of times on TikTok, showed Oxford using the stun gun on the woman as he attempted to take her into custody.According to a police report, the incident occurred on Aug. 18, when Oxford responded to a 911 call in Loganville, Georgia. The caller claimed that a woman had thrown a bottle at their home and threatened a 9-year-old child.Oxford then went to the suspect's residence and encountered a woman he recognized from surveillance footage.The Gwinnett Police Department says that people at the home immediately began yelling at Oxford when he approached. According to a police statement, Oxford "attempted to speak with her about the incident but was unable to do so because the defendant in this case, Kyndesia Smith, began yelling at him."That's when the now-viral video begins. It shows Oxford threaten to arrest Smith, 22, if she doesn't stop interrupting. He then attempted to place Smith under arrest and tried to grab her by the shoulders.Eventually, Oxford ordered Smith on the ground. After she didn't immediately comply, he used his stun gun on her. Oxford also claimed in his police report that Smith later tried to kick him as he placed her in a police cruiser.According to NBC News, Smith was charged with "simple battery against an officer and willful obstruction of law enforcement." She was released from jail on Wednesday.Warning: The video below contains explicit language. @jaythegoat3476 This is America ##copbrutality ##blm ##blacklivesmatter ##justice ##killercop ##renegade ##fyp ##fyp ##duet? original sound - jaythegoat3476 1921
The individual is currently being treated and will be transported to a medical facility. There are no other injuries reported at this time. This incident is under investigation. (2/2)— U.S. Marines (@USMC) July 7, 2020 226
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