Internal Revenue Service
Featured Article
Security researcher warns of chilling effect after feds search phone at airport
A U.S. security researcher is warning of a chilling effect after he was detained on arrival at a U.S. airport, his phone was searched and he was ordered to testify to a grand jury, only to have prosecutors reverse course and drop the investigation later. On Wednesday, Sam Curry, a…
As one of the most richly valued startups in history, is Stripe’s internal valuation cut as bearish as the big numbers might lead some to believe?
Featured Article
WTF is a 409A?
In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. What is this all about, and why should startups consider a lower valuation?
Featured Article
As Coinbase falters, Binance.US is waiting in the wings
As the largest publicly traded crypto exchange in the United States, Coinbase has become something of a household name. But as the going gets tough in the crypto markets, the company seems to be fumbling the bag, leaving it vulnerable to competition. Coinbase’s stock price is down nearly 80% from…
Microsoft reverses its reversal on blocking Office macros by default
Microsoft said it is still planning to block Visual Basic Applications (VBA) macros by default in Office apps after quietly rolling back the planned change last month. VBA Macros are…
Late-stage tech companies must do right by their employees: Reassess your 409A valuations
Though it may seem counterintuitive, a lowered valuation could reap benefits for your employees and your company’s recruitment efforts.
If you must conduct layoffs, don’t be a jerk
Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing…
FBI seizes notorious marketplace for selling millions of stolen SSNs
U.S. law enforcement have announced the takedown of SSNDOB, a notorious marketplace used for trading the personal information — including Social Security numbers, or SSNs — of millions of Americans.…
The IRS’s crypto tax partner, ZenLedger, raises $15 million Series B
Government tends to struggle when it comes to keeping up with tech innovation. The past U.S. tax season that just wrapped up in April was particularly stressful for investors and…
Daily Crunch: European startup studio eFounders unveils its next-generation CRM tool
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
A lack of formal guidance from U.S. regulators requires taxpayers to interpret how existing laws intended to regulate traditional assets might apply to crypto.
Daily Crunch: African mobility fintech Moove raises $105M in Series A2
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
The cost of failing to report — or incorrect reporting of — proceeds from crypto-related activities could be extremely high if the IRS gets you in its crosshairs.
The IRS won’t make you verify your identity with facial recognition after all
The IRS announced plans Monday to back away from a third-party facial recognition system that collects biometric data from U.S. taxpayers who want to log in to the agency’s online…
By taking the concerns of whistleblowers seriously, crypto companies can head off the inevitable barrage of enforcement actions they are soon to face and save themselves time, money and heartache.
Column Tax announces $5.1M seed round to launch mobile tax-prep products
Mobile income tax software Column Tax announced today that it raised $5.1 million in seed funding and is launching its first commercial product, which will provide users with early access…
Congress must clarify how the infrastructure bill will impact cryptocurrency
The crypto tax element of the $1 trillion U.S. infrastructure bill is not clearly written, and the government risks squashing a burgeoning part of the economy.
Lively is building the modern health savings account that puts consumers first
The company expects to top $1 billion in assets under management in early 2022.
Zeal banks $13M to offer employers a ‘build your own’ payroll product infrastructure
Enterprises use Zeal to pay large volumes of workers and keep payment data on their own native systems.
Crypto community slams ‘disastrous’ new amendment to Biden’s big infrastructure bill
Biden’s major bipartisan infrastructure plan struck a rare chord of cooperation between Republicans and Democrats, but changes it proposes to cryptocurrency regulation are tripping up the bill. The administration intends…
The best way you can get ahead is just by understanding how your stock options work, being prepared, and knowing what questions to ask your tax or financial professionals.
US Treasury calls for stricter cryptocurrency rules, IRS reporting for transfers over $10K
President Biden’s vision for an empowered, expanded IRS is poised to have a big impact on cryptocurrency trading. According to a new report from the U.S. Treasury Department, the administration…
Human Capital: Court ruling could mean trouble for Uber and Lyft as gig workers may finally become employees
Welcome back to Human Capital! As many of you know, Human Capital is a weekly newsletter where I break down the latest in labor, as well as diversity and inclusion…
My experience with the CARES Act was frustrating, confusing and unfair
I’m incredibly thankful that we were able to submit and receive approval days before this unfortunate event, but many small businesses weren’t as fortunate.
Featured Article
Larry Page’s secret war on the flu
Now that Larry Page has stepped down as CEO of Google’s parent company Alphabet, he could be following in Bill Gates’s footsteps and tackling global health challenges.
I see plenty of founders having liquidity events only to find themselves making hurried decisions with their newfound wealth, ultimately feeling frustrated when they realize they’ve paid a painful price…
How the Valley can get philanthropy right with former Hewlett Foundation president Paul Brest
Paul Brest didn’t set out to transform philanthropy. A constitutional law scholar who clerked for Supreme Court Justice John Harlan and is credited with coining the term “originalism,” Brest spent…
As tech giants face congressional investigation, states must step up regulatory oversight too
Congress has begun investigations into the power wielded by tech giants. Concerns are bipartisan, with members of both parties suggesting that new legislation and regulation may be needed.
TurboTax and H&R Block hide their free tax filing tools from Google on purpose
Low-income Americans can file their taxes for free, but odds are they ended up paying anyway. ProPublica found that tax-filing giant Intuit is deliberately concealing search results for its free…
Matrix Partners has backed one of Y Combinator’s recent graduates.
