Cashing Out Bitcoin: What To Know About Tax And The IRS

If you’ve sold some Bitcoin, it is important that you know Uncle Sam wants his share too. Back in 2014, the IRS issued Notice 2014-21 stating the government’s position on what they call “virtual currencies.” It stated that such assets are considered property rather than currency. Under the rules for sales of property such as stocks,… Please follow and like us:

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US, Japan Hold Joint Military Drill Amid Korea Tensions

American and Japanese military forces have launched joint exercises amid tensions with North Korea over its nuclear and ballistic missile programs. The 13th annual Iron Fist exercises kicked off Friday in the U.S. western state of California and will continue through February 12. More than 500 U.S. Marines and sailors are partnering with about 350 members… Please follow and like us:

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Trump administration moves to expand oil and gas drilling off US coasts

The Trump administration, inviting a political backlash from coastal state leaders, on Thursday proposed to open for exploration the largest expanse of the nation’s offshore oil and natural gas reserves ever offered to global energy companies, including waters off the coast of California. Interior Secretary Ryan Zinke said the draft five-year leasing plan would commit 90… Please follow and like us:

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Trump administration targets recreational pot, placing marijuana businesses at risk

WASHINGTON — Attorney General Jeff Sessions is rescinding an Obama-era federal policy that provided legal shelter for marijuana sales in states that have allowed recreational pot, placing thousands of marijuana businesses operating legally under state law at risk of federal raids and seizures. The Justice Department move plunged California’s fledgling recreational pot market into further uncertainty,… Please follow and like us:

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The IRS has spoken. Can you deduct your 2018 property tax prepayments?

Taxpayers are scrambling to prepay their 2018 property taxes and municipal clerk offices are adding hours to cope with the demand as homeowners look to save money before new limits on state and local tax deductions kick in. It’s not entirely clear yet, however, whether all of those efforts will pay off. Here’s what local government… Please follow and like us:

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Southern California home prices surge, tying an all-time high

LOS ANGELES — Southern California home prices surged 8.6 percent in November compared with a year earlier, tying an all-time high that underscores a drum-tight housing market with few properties for sale, according to a report released Wednesday. The six-county region’s median home price hit $505,000 last month, a nominal record last seen in September and,… Please follow and like us:

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SpaceX Satellite Launch Pictures Show Alien-Like Scene In California Sky

The sky above California was lit with an alien scene Thursday evening as private spaceflight company SpaceX launched 10 of its Iridium satellites. Bystanders captured pictures of the eerie and beautiful spacescape along with their own explanations of what was happening. SpaceX planned to launch the satellites from Vandenberg Air Force Base near Lompoc, California. The… Please follow and like us:

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Republican tax plan headed to president

WASHINGTON — The House and Senate passed the sweeping GOP tax plan on near-party-line votes as congressional Republicans moved to give President Donald Trump his most significant legislative victory of the year — one that has come at a steep political cost. Polling indicates the $1.5-trillion package remains broadly unpopular, contributing to a political environment in… Please follow and like us:

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Trump Touts Progress on Rolling Back Federal Regulations

With the ceremonial flourish of oversized golden scissors slicing a giant piece of red tape, U.S. President Donald Trump symbolically cut through decades of regulations on Thursday. “So, this is what we have now,” the former reality television program host said, gesturing toward a 190-centimeter-high pile of what was said to be 185,000 sheets of paper.… Please follow and like us:

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Ventura fire rages, threatening communities both coastal and inland; section of 101 Freeway closed

OJAI, Calif. — The return of powerful winds Thursday pushed the destructive Ventura County fire closer to several communities, prompting new evacuations. Communities both on the coast and inland were under threat. At 4 a.m., officials closed the 101 Freeway between Routes 126 and 150. According to the California Highway Patrol, that left no open routes… Please follow and like us:

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Adobe turns 35: CEO Shantanu Narayen on empowering the world’s creators

SAN JOSE, Calif. — As Adobe Systems turns 35 years old, CEO Shantanu Narayen stands by the company’s original philosophy even as it expands beyond its desktop publishing roots into cloud-based services, digital marketing and analytics. Adobe turns 35 Saturday, and its evolving Creative Cloud applications such as Dreamweaver, Illustrator, Photoshop and Premiere Pro still appeal… Please follow and like us:

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Self-taught rocketman launches mission to prove Earth is flat

NEW YORK – A self-taught rocket scientist in the United States will launch himself into the sky with a homemade rocket in a bid to prove the Earth is flat. “Mad” Mike Hughes, as he is known, built the rocket out of scrap metal in his garage. The location of the jump will be Amboy, a… Please follow and like us:

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Will the world shake with more large earthquakes in 2018? Time will tell.

Research linking large earthquakes to changes in the Earth’s spin remains to be tested. future earthquakes will not be signposted nearly as clearly as this. Deposit Photos Amidst panic over planets that don’t exist and conspiracy theories about the moon landing on Google News this morning, one headline announced a more down-to-Earth sort of doom. “Deadly… Please follow and like us:

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BOOM! Mystery blasts rattling the globe

Was it a supersonic aircraft? A meteor? A ground explosion? The end of the world as we know it? Those are the questions experts and non-experts around the world are asking themselves in recent weeks as curiously loud mystery BOOMS have not only been hear around the world, but felt – shaking buildings and rattling nerves… Please follow and like us:

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Bannon brings ‘war’ to California

ANAHEIM, Calif. — Former Trump administration strategist and GOP agitator Stephen K. Bannon on Friday told California Republicans, whose state party has fallen in membership and political influence, that their salvation lies in putting aside their differences and getting to work — just as they’d done to help move President Donald Trump to his surprise victory… Please follow and like us:

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