The Internal Revenue Service (IRS) has announced that it is proposing new regulations that would allow taxpayers to pay their taxes using credit cards or debit cards. These proposed changes are based on provisions of the Trump-era Taxpayer First Act, which became law in July 2019. The goal of the Taxpayer First Act was to turn the IRS into a more taxpayer-friendly agency.
The IRS is cracking down on more tax cheats this year but they don't enforce this standard on thousands of their own employees.
Crowdfunding has become a very popular way for individuals to raise capital. It typically involves funding a project or venture by raising contributions from a large number of people, typically through online crowdfunding sites. Crowdfunding campaigns fund a broad range of projects, from producing a product or new technology to supporting a charitable cause. Those supporting a product using can buy the product at a reduced price.