The gaming industry is booming. New sports betting parlors and casinos are popping up all over the country, Las Vegas is booming, lotteries and betting parlors are popular, and online...
Posted by Dennis Jao on 07/01/2022
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
We are addicted to our devices, but did you know that your smartphone can earn you money right from the comfort of your mobile device, home, or wherever you are? Here are some of my...
Posted by BEST FINANCIAL GROUP LTD on 03/24/2022
Some of these fraudsters want all your money in one transaction, and others want to gradually drain you over a long-term period. Here's how to avoid a financial scam.Imagine your...
Posted by Income Taxes and Bookkeeping LLC on 03/17/2022
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
Whenever you see a dollar from a lottery win, please remember that the IRS has taken its 25%. Up to 13% can be withheld in local and state taxes (depending on where you live). However,...
Posted by Pat Raskob on 09/30/2021
Winning the lottery is a two-way thing. While receiving a massive sum of money might solve your entire financial problems, you might be faced with new opportunities that could leave...
Posted by Tiffany Gaskin on 08/24/2021
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
The legislative arm of the government, known as Congress, is in charge of formulating the Internal Revenue Code (IRC), also known as the tax code. This tax code guides tax collection,...
Posted by Pat Raskob on 05/24/2021
