Report any gambling winnings as income on your tax return. Be sure you itemize to deduct gambling losses up to the amount of your winnings. If you are a casual gambler, these tax tips can help: Gambling income. Income from gambling includes winnings from the lottery, horse racing and casinos. …
Are you in tax trouble? There are still a few hours left in National Get Out Of the Doghouse Day. Why not take advantage of the opportunity to clean up your finances and tidy up your tax bill? It will get out of the doghouse with Uncle Sam and probably, …
One of the main reasons it’s important to find a way to deal with your tax debt is that if you don’t pay what you owe, the IRS may file a Notice of Federal Tax Lien. Tax liens are reported on your credit reports, and they are one of the …
The Taxpayer Bill of Rights (TBOR) is a cornerstone document providing the nation’s taxpayers with fundamental rights when dealing with the Internal Revenue Service. The IRS wants every taxpayer to be aware of these rights when dealing with the agency. The IRS continues to highlight these 10 fundamental rights for …
