Wednesday, August 10, 2022

Bitcoin surges, stock market explodes in 2021 taxable gains

This tax season there’s a clever little word popping up on social media about how tax preparers can deliver bad news to customers: Congratulations.

According to Urban Dictionary, this is a term you might give to a co-worker who has accepted a job promotion that is a mixed blessing. Say something that moves her up the ranks but clearly puts her in more direct contact with a fiery ally.

Congratulations on your success. Condolences for what’s next.

“Congratulations.”

Enrolled agent Matthew Cordes said in a light-hearted tweet, “I think I’m going to use this with clients who have to pay a huge tax bill because they made a lot of money.”

Eye-popping numbers for taxable income are being placed before investors and others who saw financial success in 2021, often triggering tax scenarios and tax bills that many never imagined.

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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