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...
In order to report various forms of income or to take advantage of various deductions, the IRS typically requires you as the taxpayer to complete various forms known as tax schedules....
Throughout our society, the Baby Boomers are getting older. As a result, their children are now in the position of caring for these older family members. The expenses that result from...
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...
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 no secret that the risks of committing avoidable tax flaws, particularly towards the tax filing deadline, are abnormally high, some with completely negative consequences...
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...
Now that we’re in the current tax season, you may be wondering how to save money on the returns you file. It isn’t the easiest process, especially since the material distributed...