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Matthew Russel
By In Facts on Taxes

Are All Types Of Gambling Winnings Reported On A 1099 Form?

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Matthew Russel
By In Facts on Taxes

Can Seniors Deduct Gambling Losses From Their Winnings For Tax Purposes?

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Matthew Russel
By In Facts on Taxes

Are There Thresholds For Reporting Gambling Winnings On A 1099?

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Matthew Russel
By In Facts on Taxes

Are There Specific Gambling Winnings That Do Not Require Reporting On A 1099 Form?

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CryptocurrencyFacts on TaxesPersonal TaxesTaxes
August 3, 2024

What Are The Tax Benefits of Holding Cryptocurrency?

Did you know that diving into the world of cryptocurrency could unlock a treasure trove of tax benefits? As digital currencies continue to reshape our financial landscape, savvy investors are exploring ways to maximize their returns while minimizing their tax…
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Facts on TaxesPersonal TaxesTax DeductionsTaxes
August 3, 2024

10 Tax Deductions For Education Expenses

In an era where education costs are skyrocketing, many overlook the plethora of tax deductions and credits available that can significantly alleviate financial burdens. From understanding how to capitalize on the American Opportunity Credit, to navigating the complexities of deductions…
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Capital Gains TaxCryptocurrencyFacts on TaxesFederal Income TaxFiling TaxesPersonal TaxesSelf Employed TaxesTaxes
August 2, 2024

What Are The Tax Implications Of Investing In Cryptocurrency

Are you curious about how your cryptocurrency investments might impact your tax obligations? Navigating the tax landscape for digital assets can be complex, but understanding the basics is crucial for any investor. From recognizing how the IRS treats cryptocurrencies as…
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CryptocurrencyFacts on TaxesFiling TaxesTaxes
December 15, 2023

Pros and Cons of Paying Taxes with Cryptocurrency

As the world continues to embrace the digital revolution, cryptocurrencies have emerged not only as a financial asset but also as a potential means of conducting day-to-day transactions. One intriguing aspect of this evolution is the idea of paying taxes…
Matthew Russel
CryptocurrencyFacts on TaxesTaxes
December 15, 2023

The Top 5 Ways to Minimize Your Cryptocurrency Tax Liability

In an era dominated by the rapid evolution of digital assets, the management of cryptocurrency tax liability has become an increasingly pressing concern for investors. As the popularity of cryptocurrencies continues to soar, so does the scrutiny from tax authorities…
Matthew Russel
Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
December 7, 2023

What Are The Different Taxes You Must Pay In Canada?

Navigating the Canadian tax landscape is essential for both individuals and businesses alike. With a complex system encompassing various taxes at different levels, understanding these financial obligations is crucial. In this blog, we will embark on a journey through the…
Matthew Russel
Facts on TaxesFederal Income TaxFiling TaxesProperty TaxTaxes
December 6, 2023

Can You Claim Your Property Taxes On Your Income Tax Canada?

Navigating the intricacies of the Canadian tax system can be a complex task for many individuals, and one aspect that often raises questions is the eligibility of property taxes for inclusion in income tax claims. As homeowners and property owners…
Matthew Russel
Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesTaxes
December 6, 2023

Why People Get Audited by the IRS?

Facing an audit from the Internal Revenue Service (IRS) can be a daunting experience, sparking concern and uncertainty among taxpayers. As the tax landscape continues to evolve, understanding the common triggers for IRS audits becomes crucial for individuals and businesses…
Matthew Russel
Corporate Business Taxes & LawsFacts on TaxesFederal Income TaxSmall BusinessTaxes
December 6, 2023

How to Calculate Corporation Business Taxes?

Navigating the complex landscape of corporation business taxes is a crucial aspect of financial management for any business entity. As corporations operate within a framework of regulations, understanding how to calculate and manage taxes becomes paramount to maintaining fiscal health…
Matthew Russel
Corporate Business Taxes & LawsPayroll TaxSmall BusinessTaxes
December 6, 2023

How to Prepare for a Payroll Tax Audit?

Facing a payroll tax audit can be a daunting prospect for businesses, underscoring the critical need for meticulous preparation. As government agencies intensify their scrutiny of payroll tax compliance, it becomes imperative for organizations to navigate this process with precision…
Matthew Russel
Capital Gains TaxFacts on TaxesFederal Income TaxTaxes
December 6, 2023

How to Calculate Capital Gains Taxes?

Navigating the intricacies of financial responsibilities is an essential aspect of managing one's economic affairs. Among these responsibilities, understanding and calculating capital gains taxes play a pivotal role for individuals engaged in investments and asset transactions. Capital gains taxes are…
Matthew Russel
Corporate Business Taxes & LawsFacts on TaxesSmall BusinessTaxes
December 4, 2023

What Are Corporation Business Taxes?

In the intricate landscape of finance and commerce, corporations play a pivotal role in driving economies, fostering innovation, and contributing to societal development. As these entities navigate the complex web of fiscal responsibilities, one crucial aspect that demands attention is…
Matthew Russel

Filing Taxes Topics

Does Maryland Tax Lottery Winners
Facts on Taxes

Does Maryland Tax Lottery Winners?

Lotteries have long captured the imagination of people seeking a life-altering windfall, offering dreams of sudden wealth and financial freedom. However, the excitement of hitting the jackpot is often accompanied by the less glamorous reality of tax obligations. This article…
Facts on Taxes

What Are The Tax Implications Of Working Remotely?

The way we work has undergone a profound transformation in recent years. While working remotely offers numerous benefits, from increased flexibility to a better work-life balance, it also brings about a set of unique challenges, one of which is navigating…
Federal Income Tax

Can Seniors Deduct Gambling Losses?

As seniors navigate the complexities of taxation in their retirement years, one often overlooked aspect is the deductibility of gambling losses. The interplay between recreational activities, such as gambling, and the tax code can have significant implications for seniors seeking…
Facts on Taxes

How Long Does It Take To Get Lottery Winnings In The UK?

Winning the lottery is a thrilling moment that holds the promise of a life-changing windfall. As the excitement of hitting the jackpot sets in, so does the anticipation of claiming and receiving those coveted winnings. For lottery winners in the…
Facts on Taxes
What Gambling Winnings Need To Be Reported To IRS?
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What Are The Tax Implications Of Inheritance?
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What Strategies Do Seniors Use To Minimize Taxes On Gambling Winnings?
Cryptocurrency
Do I Have To Pay Taxes On Cryptocurrency If I Don’t Sell?
Capital Gains Tax
Understanding The Tax Implications Of Stock Options
Facts on Taxes
What Forms Do Seniors Use To Report Gambling Winnings?
Facts on Taxes
Where Does Form 8949 Go On Tax Return?
Pay Taxes On Sports Betting In Canada
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Do You Pay Taxes On Sports Betting In Canada?
Facts on Taxes
What Are The Best Tax-Advantaged Savings Accounts For Retirement In The US?
Are Tips Taxed In Canada
Federal Income Tax
Are Tips Taxed In Canada?
Facts on Taxes
Can You Claim Lottery Winnings Anonymously In New York?

Gambling & Lottery Winnings Tax

Do Canadians Pay Tax On Winnings In Vegas
Facts on Taxes

Do Canadians Pay Tax On Winnings In Vegas?

Las Vegas, often referred to as the entertainment capital of the world, has long been a magnet for thrill-seekers, fortune-chasers, and avid gamblers from around the globe. Its glittering casinos and vibrant nightlife attract millions of visitors each year, including…
Report FanDuel Winnings On Taxes
Facts on Taxes

Do I Have To Report FanDuel Winnings On Taxes?

FanDuel, the popular online fantasy sports platform, has attracted a significant number of participants who enjoy the thrill of virtual competition and the opportunity to win real money. As a FanDuel user, you may have experienced success and wonder whether…
Facts on Taxes

Where Do I Enter W-2G On H&R Block?

Filing taxes can be a complex process, especially when dealing with various income sources and specific forms like the W-2G. If you've found yourself wondering, "Where do I enter W-2G on H&R Block?" you're not alone. H&R Block is a…
Facts on Taxes

Are There Age-Specific Tax Rules For Senior Gamblers?

Gambling, a form of entertainment and potential financial gain, has been a popular pastime for individuals across various age groups. However, as the thrill of games of chance intertwines with financial gains, the tax implications associated with gambling winnings become…
Facts on Taxes
Do You Get Taxed On Sports Betting?
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Federal Income Tax
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Pay Taxes On Sports Gambling Winnings
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Do You Have To Pay Taxes On Sports Gambling Winnings?
Do You Pay Tax On Vegas Casino Winnings
Facts on Taxes
Do You Pay Tax On Vegas Casino Winnings?
Facts on Taxes
What Gambling Winnings Need To Be Reported To IRS?
Do You Have To Pay Taxes On Online Casino Winnings
Facts on Taxes
Do You Have To Pay Taxes On Online Casino Winnings?

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