Sports betting and gambling is a two-edged sword – fun or depressing depending on your outcome. On top of that, gamblers have to deal with the complication of taxes as Uncle...
Posted by Pat Raskob on 06/06/2021
It is common for someone to live in one state and have employment in another state. In this case, one might need to file a nonresident tax return if they have earnings in a state they...
Posted by CORE PERFORMANCE on 05/18/2021
Your 1040sIf your income is over a specific amount, paying the federal income tax is mandatory. You might have to pay income tax in some states as well. The income tax rate is a matter...
Posted by Pat Raskob on 04/30/2021
The gambling industry in America is booming because fresh casinos and sports betting centers are springing up in various parts of the country. People that enjoy gambling know and realize...
Posted by Tiffany Gaskin on 01/06/2021
We define backup withholding as a form of federal tax withholding on income that wouldn't usually require tax withholding. While some forms of income are not subjected to taxes,...
Posted by The TaxAdvocate Group, LLC on 12/31/2020
The American gaming industry is booming. New sports casinos and bookies are popping up across the country, Las Vegas is booming, lotteries are popular, and online gambling is great....
Posted by The TaxAdvocate Group, LLC on 08/13/2020
Betting makes up about 30 to 40 percent of the global gambling market. Those who casually visit casinos are not aware of the rules involved with Sports Gambling and Taxes....
Filing taxes is a time when some people are seeking the biggest refund, and others are just looking to owe the IRS less money. In order to accomplish these goals, people are...
Posted by TAX-Net LLC on 12/03/2020
A lot of people are indulged in betting on the games especially over the super bowls games. The engagement of sports has compelled IRS to take out rules over the betting along with...
Posted by Larry D. Tew, EA on 05/30/2018
