Skip to main content
Matthew Russel
By In Facts on Taxes

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

Read Article
Matthew Russel
By In Facts on Taxes

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

Read Article
Matthew Russel
By In Facts on Taxes

Are There Thresholds For Reporting Gambling Winnings On A 1099?

Read Article
Matthew Russel
By In Facts on Taxes

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

Read Article
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…
Admin
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…
Admin
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…
Admin
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

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…
Transfer EPF To New Company
Facts on Taxes

What Happens If I Don’t Transfer My EPF To New Company?

Changing jobs is a common part of our professional journey. With each transition, employees often find themselves facing a myriad of administrative tasks, from adjusting to new roles and responsibilities to getting acquainted with fresh colleagues. This blog post delves…
How To File My Crypto Taxes
Cryptocurrency

How To File My Crypto Taxes?

As cryptocurrencies have gained popularity and become more integrated into the financial landscape, tax authorities around the world have started paying closer attention to their taxation. If you own or have engaged in cryptocurrency transactions, it's important to understand your…
Facts on Taxes

What Steps Can I Take To Reduce My Tax Liability In The US?

Tax liability is the amount of tax that an individual is legally required to pay to the government. However, there are legal ways to reduce your tax liability in the USA. By taking proactive steps to minimize the amount of…
Facts on Taxes
What Are The 3 Basic Tax Planning Strategies?
Facts on Taxes
Do Senior Citizens Have To Pay Taxes On Lottery Winnings?
Facts on Taxes
Do You Have To File Taxes On Gambling?
Facts on Taxes
Do I Have To Pay State Taxes On Gambling Winnings?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Arizona?
Consumption Taxes
What Are The Tax Benefits Of Starting A Green Business In The US?
Facts on Taxes
How Can I Pay My Local Property Tax Online In United States?
Pay Tax On Casino Winnings In Canada
Facts on Taxes
Do You Have To Pay Tax On Casino Winnings In Canada?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Colorado?
Facts on Taxes
What Are The Different Taxes You Must Pay In Canada?
The History of Income Tax in the United States
Facts on Taxes
The History of Income Tax In The United States: 7 Fascinating Facts
Federal Income Tax
Is Gambling Winnings Taxable In California?

Gambling & Lottery Winnings Tax

Forms Seniors Use To Report Gambling Losses
Facts on Taxes

What Forms Do Seniors Use To Report Gambling Losses?

Gambling, often regarded as a pastime of chance and entertainment, transcends generations and has become increasingly popular among seniors seeking both social engagement and potential financial gains. However, as the excitement of winning unfolds, it is imperative to understand the…
How Does Gambling Work With Taxes
Facts on Taxes

How Does Gambling Work With Taxes?

Gambling, as a form of entertainment and, for some, a pastime, is a widely practiced activity around the world. Whether it's the spinning roulette wheel, the shuffling of cards at a poker table, or the pull of a lever on…
Pay Taxes On Sports Betting In Canada
Facts on Taxes

Do You Pay Taxes On Sports Betting In Canada?

Sports betting has gained immense popularity in Canada, with countless individuals engaging in the excitement and thrill of predicting outcomes and placing wagers on various sporting events. As the world of sports betting continues to grow, it is essential for…
Facts on Taxes

Is A Win Loss Statement Good Enough For Filing Gambling For Taxes?

Filing taxes on gambling winnings can be a complex and challenging task for many individuals. One common resource that gamblers often rely on is the win-loss statement provided by casinos. This statement summarizes a player's gambling activity during a specific…
Facts on Taxes
How Much Can You Cash Out At A Casino Without Paying Taxes?
Facts on Taxes
Do Seniors Have To Pay Taxes On Gambling Winnings?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Puerto Rico?
Facts on Taxes
How Does The IRS Classify Gambling Winnings For Tax Purposes?
Facts on Taxes
Are There Any State Exemptions For Taxing Gambling Winnings For Seniors?
Facts on Taxes
What Forms Do Seniors Use To Report Gambling Winnings?
Facts on Taxes
What Types Of Gambling Activities Are Subject To Reporting On A 1099 Form?
Facts on Taxes
Do You Report Gambling Winnings To The CRA?

Blog Categories

Capital Gains Tax

45 posts

Consumption Taxes

6 posts

Corporate Business Taxes & Laws

63 posts

Cryptocurrency

19 posts

Estate Taxes

30 posts

Excise Taxes

17 posts

Expenses

6 posts

Facts on Taxes

503 posts

Federal Income Tax

303 posts

Filing Taxes

419 posts

Gambling Winnings

128 posts

Health Care

2 posts

Inheritance Taxes

6 posts

Lottery Winnings

97 posts

Non-Profit Taxes

2 posts

Payroll Tax

12 posts

Personal Taxes

219 posts

Property Tax

41 posts

Real Estate Tax & Law

23 posts

Rental Property Tax Deductions

12 posts

Sales Tax

32 posts

Self Employed Taxes

34 posts

Self-Employment Taxes

26 posts

Small Business

22 posts

Tax Credits

11 posts

Tax Deductions

64 posts

Taxes

427 posts

Taxes & Social Security Benefits

27 posts

Value Added Tax

14 posts

Wealth Taxes

7 posts