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...
Entrepreneurship can be real rewarding when it comes to freedom and financial stability, however, if you own a small business, and it has kicked off really well, there is one thing...
For many investors that buy stocks in corporations, they have often found themselves in receipt of dividends on a quarterly or annual basis. However, there are several different...
With marriage, one not only gains a new partner in life, but also a new set of circumstances in terms of their tax liability going forward. For married couples during tax season, their...
Accountant Tax time is already here and people are trying to outwit the system by either going to a famous store-front to get a tax accountant who they strongly believe...
Accountant Has the instability of the stock market got you thinking about what exactly you can do? Now may be this is the perfect time to make your own lemonade. It is wise to...
For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...
We often hear from some taxpayers that e-filing a return is not a good idea because you are nourishing the IRS with all your tax data, and makes it very easy for the agency to carry...
Posted by Kevin J May CPA on 01/22/2016
AccountantIt is evident that the stock market has rallied immensely over the past four or so years, leaving several investors with very large capital gains and even some large positions...