📢 KONNEX AUTONOMOUS UNITS: Your KONNEX Identity is Live!
Secure your SBT, verify your identity, and claim your rewards! 💎
Your Activation Steps:
1️⃣ Mint: Head over to OpenSea ⛵ and mint your KONNEX Autonomous Unit SBT.
2️⃣ Claim Badge: Log in to the T-REX website, connect the wallet you used on OpenSea, and claim your Badge.
3️⃣ Claim Points: Finally, head to the Quest page to grab your rewards.
⚠️ STOP & READ: Quest points can only be claimed ONCE per user. Do NOT try to claim your points until your SBT is completely
⏳ Quick Note: Data indexing usually takes ~24 hours. If your wallet isn't validated instantly, don't panic! Your status is safe—just check back in a day. 🛠️
@layer3 I'd like to join the test group. I think I'd be a good fit as I have been an active, daily user and staker since 2023. I have also provided regular feedback and tickets through Discord.
app.layer3.xyz/jon77777
Something new is coming to Layer3.
We're building a beta group to test it early. Break things, give feedback, get first access.
Drop a comment with:
→ Why you're a good fit
→ Your Layer3 profile link
Perle Labs Airdrop Appeal Form is Live!
If you think your @PerleLabs airdrop eligibility was checked wrong, you can now submit an appeal.
✅ Submit here: forms.gle/ELxCEZyGpZARMJ…
Each case will be reviewed individually, so worth submitting if you think something was missed.
Good to see they’re listening to the community.
The Senate Finance Committee, which oversees the IRS, has put forward a bipartisan bill to make a number of administrative changes to how the IRS operates.
Many of these changes are designed to make life easier for taxpayers, reduce unnecessary burdens, and give people more time to respond. There are also a range of smaller improvements included. Overall, I think they’re very positive.
One thing I particularly like is that they’re planning to crack down on invalid or unlicensed tax preparers.
This is a major issue in the U.S. Right now, tax preparers are not required to be licensed, but if someone is preparing tax returns, they should have a current level of knowledge and competence. The problem is, there are no real requirements for this, and that gap is being exploited.
You see cases where bad actors, including overseas fraud rings, file large volumes of fraudulent returns. They may have someone’s Social Security number and a few details, and that’s enough for them to attempt fraud. There’s often no effective way to validate who is actually preparing the return.
These are what we call “ghost preparers” people who prepare returns but aren’t properly registered or accountable.
This reform is long overdue. If you take your car to be repaired, you expect the mechanic to be qualified. Not just someone who says they can do the job, but someone who has demonstrated the knowledge to do it properly. The same standard should apply here.
So overall, there are a lot of strong improvements in this bill.
That said, there’s a major issue. The IRS doesn’t have the funding to implement many of these changes.
Budget cuts and staffing freezes have left the agency stretched thin. Many of these proposals rely on upgrades to systems and personnel, particularly in IT, and those areas are currently under-resourced. Some core capabilities have already been reduced.
So while I’d like to see the bill passed, and I think it contains a lot of good ideas, the reality is that without proper funding, many of these improvements may never actually be implemented.
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Hannes Bieger dropping absolute synth fire with 'Black Hole' in this mesmerizing analog studio session—warm Moog-style tones, hypnotic grooves, and pure retro electronic magic! 🎹🌀 Really awesome indeed!
⚡ Full list of activity trackers for zkSync/LayerZero/StarkNet
We've compiled a list of trackers where you can check your activity on zkSync, LayerZero & StarkNet networks, analyze and compare your wallet with other airdrop hunters
🧵
$ZRO $ZKS $STRK
1099-DAs are confusing because they’re new. Many people simply don’t know how they work yet.
It’s not just taxpayers who are confused. Tax preparers are also confused because they’ve never seen these forms before. Many of them aren’t familiar with crypto reporting, and frankly, some are nervous about dealing with it.
My concern is that some people may choose not to report the 1099-DA information at all.
That’s a huge mistake.
When you file your tax return, there is metadata attached to that return. You don’t see it, but it includes a list of all the 1099 forms that were entered and reported on your tax return.
The IRS takes that list and compares it to the 1099 forms they received about you from other sources.
If one of those forms is missing, it suggests that you may not have reported all of your income. When that happens, the IRS will contact you.
How do they contact you?
Usually through a computer-generated notice called a CP2000.
CP stands for “Computer Paragraph,” and the number 2000 appears at the top of the letter. The notice essentially says:
“Hey, we think you forgot to report some income. Based on the information we received, we calculated the additional tax you owe. Please pay this amount, or explain why you don’t owe it.”
That’s what a CP2000 letter is.
You typically have about 60 days to respond. For many people, it can feel intimidating and overwhelming.
If you fail to respond, the IRS will move forward with billing the amount they believe you owe. At that point, things escalate quickly and the process becomes much more difficult.
That’s why it’s important to make sure all of your 1099 forms are entered into your tax software, or that your accountant includes them when preparing your return.
The goal is to ensure everything is accounted for so the IRS’s internal matching system doesn’t trigger a computer-generated audit.
In other words, don’t end up with a CP2000 letter because your tax preparer was sloppy.