In gambling, there are winners and losers, but even the winners will lose if they don’t pay taxes on their winnings. Yes, gambling winnings are completely taxable; you must report the gambling winnings on your tax return. The winnings you receive from gambling or betting is considered by the IRS to be taxable income. This […]
Gambling and Taxes: What You Need to Know When You Win Read More »
Are you going to miss the July 15 deadline? Use IRS Form 4868 to apply for a six-month extension to file IRS Form 1040. This will give you an extension for filing your taxes only; it does not give you an extension on the payment you owe. You will need to file the extension by
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More than 80 million tax returns were filed with the help of a tax professional in 2019. Were you one of the Americans who used a tax professional? Were you prepared for your tax consultation? Were you happy with your representation? Did you use a tax accountant or another professional? If you have a pro
Make the Most of Your Tax Consultation Read More »
Did you know that millions of Americans have a side hustle today? If you haven’t started your side hustle yet, what are you waiting for? Are you afraid of failure? Not sure if you’d make any money? Can’t decide on which side hustle to try? If you are having trouble deciding, consider these statistics: 50%
2020 Ultimate Side Hustle Guide: Everything You Need to Get Started Read More »
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