Tag: IRS
Five Tax Tips for Gambling Income and Losses
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. …
Get Out Of The Tax Debt Doghouse: 9 Tips For A Fresh Tax Start
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, …
Tax Dilemma: Seven Options If You Can’t Pay Your Taxes
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 …