TurboTax To Help Gamble Tax Refund On Crypto episode artwork

EPISODE · Feb 10, 2022 · 56 MIN

TurboTax To Help Gamble Tax Refund On Crypto

from The Accounting Podcast · host Blake Oliver & David Leary

SponsorsFreshBooks: https://cloudaccountingpodcast.promo/freshbooksCanopy: https://cloudaccountingpodcast.promo/canopyRelay: https://cloudaccountingpodcast.promo/relayNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes... We'll also get into some app news, conference updates, and talk more tax, as we wander through the land of IRS troubles. 02:10 – Listener Mail: On the Sovietness of Timesheeting  06:34 – Listener Message: Squarely Tax – Cash App gets in the tax game Taxes Helphttps://taxeshelp.cash.app/s/article/What-forms-and-situations-does-Cash-App-Taxes-support 07:16 – TurboTax and Coinbase Team Up to Help You Invest Your Refund in Cryptocurrencyhttps://blog.turbotax.intuit.com/turbotax-news/turbotax-and-coinbase-team-up-to-help-you-invest-your-refund-in-cryptocurrency-50791/ TurboTax: Deposit your tax refund into your Coinbase account       https://rb.gy/azugh5 09:24 – New bill would change tax rules for cryptocurrency purchaseshttps://www.accountingtoday.com/news/lawmakers-introduce-virtual-currency-tax-fairness-act 10:01 – Intuit CEO warns of tax bill shock for Bitcoin, NFT traders   https://www.accountingtoday.com/articles/intuit-ceo-warns-of-tax-bill-shock-for-bitcoin-nft-traders 13:38 – Why Is Matt Damon Shilling for Crypto?       https://www.nytimes.com/2022/02/02/magazine/matt-damon-crypto.html?referringSource=articleShare 15:59 – Listener Voicemail: Anti-Crypto Boo!  18:58 – Blake responds ...  23:38 – ACH Network up to 29.1B Payments Valued at $72.6T in 2021https://www-pymnts-com.cdn.ampproject.org/c/s/www.pymnts.com/news/faster-payments/2022/ach-network-up-to-29-1b-payments-valued-at-72-6t-in-2021/amp/ 24:06 - Crypto, NFTs are rife with ‘mountains’ of fraud, IRS says      https://www.accountingtoday.com/articles/crypto-nfts-are-rife-with-mountains-of-fraud-irs-says 26:24 – Deluxe Reports 6% YoY Growth in Checks Segmenthttps://www.pymnts.com/news/b2b-payments/2022/deluxe-reports-6-percent-yearly-growth-checks-segment/ 26:59 – Deluxe Corporation (DLX) CEO Barry McCarthy On Q4 2021 Results - Earnings Call Transcripthttps://seekingalpha.com/article/4483948-deluxe-corporation-dlx-ceo-barry-mccarthy-on-q4-2021-results-earnings-call-transcript 27:24 – More Listener Mail: Splitting Bad Haircuts 29:41 – When you log in to your IRS account this tax season you'll likely have to use ID.me to verify your identity. The service scoops up a huge pool of personal data that police and other authorities could tap into.https://www.businessinsider.com/irs-partner-idme-logs-inferred-citizenship-all-users-data-privacy-2022-2?utm_source=pocket_mylist 31:00 – GOP lawmakers move to stop IRS facial recognition technologyhttps://www.accountingtoday.com/news/gop-lawmakers-move-to-stop-irs-facial-recognition-technology 32:25 – IRS to add 1,200 employees as agency confronts delays, backlog   https://www.accountingtoday.com/articles/irs-to-add-1-200-employees-as-agency-confronts-delays-backlog 33:10 – What’s the IRS Hiding?          https://cpatrendlines.com/2022/02/01/whats-the-irs-hiding/ 35:22 – Even More Listener Mail: The Prometric Remote-Testing Faux Pas 36:41 – You guessed it – Listener Message: Another Disgruntled CPA looking for Work-Study Credit 37:45 – Weeks after a ransomware attack, some workers still worry about paycheckshttps://www.nbcnews.com/tech/security/weeks-ransomware-attack-workers-still-worry-paychecks-rcna14186 38:53 – Intuit warns of phishing emails threatening to delete accountshttps://www.bleepingcomputer.com/news/security/intuit-warns-of-phishing-emails-threatening-to-delete-accounts/ 41:15 – Important update - Xerocon date change - Xero Blog          https://www.xero.com/blog/2022/02/xerocon-new-orleans-date-change/ 43:15 – Keri Gohman new CEO @ Abacus Next         https://twitter.com/kerigohman/status/1488242061811744768?s=12 45:48 – Pennylane wants to overhaul the accounting tech stack in France  https://techcrunch.com/2022/01/30/pennylane-wants-to-overhaul-the-accounting-tech-stack-in-france/ 48:39 – Lendio’s Sunrise Financial Platform Delivers Small Businesses Premier Tools Built To Save Time and Money

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Clearly, we ruffled some feathers with our talk about Tether. In today's episode, we'll hear lots of listener mail about timesheets, work-study, Blake's bad haircut, and why one listener thinks we don't know what we're talking about when it comes to stablecoins ...

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TurboTax To Help Gamble Tax Refund On Crypto

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This episode was published on February 10, 2022.

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