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...
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...
For some people, filing their taxes is like playing the lottery. They often do not understand the taxing process (no one understands it completely), but they assume that they...
If you won the jackpot this year at one of the Casinos, you’ll want to put a little aside for the IRS. Casino winnings are taxable, and large payouts need to account for the...
There are five general types of business taxes that small businesses must file at the end of the tax year. The business you operate determines which of the following taxes you must...
Considered as one of America’s greatest crimes, senior financial fraud has left both the elderly and their children worried. A recent survey found that people in America,...