The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants
Americans flocked to prediction markets last year. Now, it's time to pay taxes on winnings. How do you do that? Great question.
Court docs: the IRS seeks $16B in back taxes and penalties from Meta, arguing it failed to report ~$54B in overseas profits; in December 2025, Meta sued the IRS
Google sues the Chinese-speaking cybercriminal group known as Darcula, behind an alleged US text message phishing ring, in the US, seeking a restraining order
Google says the group's tools enabled scammers with little technical skill to impersonate agencies like the IRS and the USPS at a massive scale.
The US Treasury and IRS issue guidance allowing Wall Street crypto products to offer staking rewards under a new safe harbor, easing institutional participation
Sander Lutz / Decrypt :
Trump signs an EO creating the National Design Studio to improve “websites and physical sites”; sources say he's tapping Airbnb co-founder Joe Gebbia to lead it
Powell's last speech: Federal Reserve Chair Jerome Powell is expected to give … Jess Weatherbed / The Verge : Florida man orders beautification of America after gold-plating the White House Mallory Wi...
Sources on the key Microsoft-OpenAI clause: OpenAI decides when it has reached AGI, “sufficient AGI” means $100B+ in profits, and Microsoft may not build AGI
Questions like “what biases are in the training data” and “can I keep my data out of the LLM” are critical to corporations and people! [embedded post] @breadbunny : openAi believers making a contract ...
The IRS open sourced most of its Direct File tax software on GitHub last week, fulfilling a legal requirement under the SHARE IT Act, despite Intuit pressure
The IRS open sourced much of its incredibly popular Direct File software as the future of the free tax filing program is at risk … Bluesky: @daphnek . Mastodon: @jbhall56@infosec.exchange and @jasonko...
Sources and docs: a “major lapse” at Thoma Bravo's Opexus, which helps US agencies manage investigations and FOIA, let two convicted hackers delete databases
Failures in cybersecurity practices at a software company that helps federal agencies manage investigations … Bluesky: @kimzetter Bluesky: Kim Zetter / @kimzetter : Two brothers previously convicted o...
Leaked letter: Ed Martin, the interim US Attorney for DC, accused Wikipedia of allowing foreign manipulation and propaganda, threatening its tax-exempt status
Wikipedia Bluesky: Senator Sheldon Whitehouse / @whitehouse.senate.gov : Where is the referral from IRS? I've been told for years that DOJ does not investigate IRS matters without a referral. More w...
Sources: the Trump administration plans to eliminate the IRS' free Direct File tax program, after IRS staff were told in mid-March to stop working on it
apnews.com/article/irs-... Representative Seth Magaziner / @magaziner.house.gov : So instead of using technology to make government more efficient, DOGE is canceling technology to make big corporation...