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IRS Backs Off Fortnite Gaming Currency As Reportable Income

PYMNTS

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). Experts say V-bucks, as well as other, similar game currencies, are a new field that will need to be reported in some way on one’s taxes.

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Sovereign Gold Bonds – What You Need to Know Before Investing!

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While interest received on gold bonds are subject to tax, the capital gains tax on redemption of SGBs (if held till maturity) are tax exempt; a clear benefit over physical gold. Psst… online applicants get a discount too (currently Rs. Additional Reading : Two Minute Guide: Tax On Your Gold.

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12 Key Changes To ITR Filing 2019-20

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The Income Tax department introduced many changes to the ITR filing process and forms this Assessment Year (AY). This has been a year of modifications when it comes to filing taxes. However, if you have any capital gains and/or income from agricultural sources, you cannot use ITR-1. Find out all about them. The Changes.

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DiversyFund Review: For Investors Focused on Real Estates

MyBankTracker

Online investing platforms make it easy to DIY your own portfolio. That’s different from robo advisors or online brokerages that offer stocks, mutual funds, bonds and other investments. Our DiversyFund review takes a closer look at how this online investment platform works. 0 management fees. Limited investment options.

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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. In Colorado alone, pot is expected to pour an estimated $120 million in tax revenue into state coffers this year.

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10 Commandments for a Financially Secure Future

BankBazaar

Don’t shy away from learning about finance – budgeting, saving, investment, tax management and so forth. There’s no dearth of information out there in a range of formats – blogs, vlogs, online courses, YouTube videos, Insta Reels, mobile apps. Do not buy insurance just for the sake of saving on some tax. Check Your Credit Score.

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WellsTrade Brokerage Review: Best for DIY Investors and $0 Stock & ETF Trades

MyBankTracker

But it also offers investment services through an online brokerage. It’s called WellsTrade and it allows you to invest and build a portfolio online with $0 minimums and $0 trading fees. You can easily manage your brokerage account online or from your mobile device with the WellsTrade app. Are There Different Account Tiers?

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