An overviewBefore claiming gambling losses in income taxes, you must declare gambling winnings as income. Here's all you need to know in a nutshell: You can deduct gambling losses...
Posted by Abundant Wealth Planning LLC on 04/30/2022
Not-for-profit organizations do not make a profit for their owners. Any money earned or donated to a nonprofit organization is used to promote the organization's goals and keep...
Posted by James Financial Services Inc on 03/31/2022
We not only avoid debt or pay taxes to stay out of trouble but more because it reflects on an individual's responsibility. Doing something because it is one's duty to avoid...
Posted by Rosovich & Associates, Inc. on 02/28/2022
Your scholarship or grant may or may not be taxable. Generally, a scholarship or bursary is tax-exempt if you are a degree candidate. The award is used to pay for tuition, books, supplies,...
Posted by Income Taxes and Bookkeeping LLC on 02/22/2022
An unexpected tax bill can ruin anyone's day. To help you avoid this unpleasant surprise, here are some simple steps that many people can take to reduce their taxes. In many cases,...
Posted by Taxes Made EZ Inc on 02/08/2022
The American casino industry is booming. New casinos and sports betting are popping up across the country, Las Vegas is booming, lotteries are popular, and online gambling is great....
Posted by Income Taxes and Bookkeeping LLC on 12/27/2021
The Revenue Agency has updated procedures affecting the Individual Identification Number (ITIN) application process. Taxpayers and their representatives should review the following...
Posted by Rosovich & Associates, Inc. on 11/11/2021
Tax-Free holidays provide a reduction in sales tax and can be a great way to save back to school this year.You will usually find that the price of your items will increase when you...
Posted by Tiffany Gaskin on 10/24/2021
As a small business owner, you want to know the type of taxes you should pay, and an excise tax is one of such taxes. Excise taxes are the extra tax added to particular products or...
Posted by KLSM CPA Firm PLLC on 10/09/2021
