Almost all states in the US subject gambling incomes to taxation. Similarly, gambling losses are subject to tax deductions but only to the extent of your gambling wins. TaxMedics in...
The legendary musician Miles Davis has a famous quote when asked about the definition of jazz music: “If you have to ask, you’ll never know…” Luckily for us, taxes don’t...
If you're a gambler or if you intend to start gambling in 2016, then one thing you need to keep in mind is that whenever you make a loss on your gambles, you can claim a deduction...
Now that we’re in the current tax season, you may be wondering how to save money on the returns you file. It isn’t the easiest process, especially since the material distributed...
No one is born knowing the ins and outs of all the tax write offs available to the average American. This is especially true with all the revisions and opportunities that the IRS makes...
If you live in Las Vegas, then you’re no stranger to the fortunes that can be made by Dame Fortune. While you may bask in the financial windfall, don’t expect for that feeling...