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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 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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Facts on TaxesFiling TaxesTax CreditsTax DeductionsTaxes
December 4, 2023

How Taxation Affects Your Investments?

In the intricate landscape of financial planning and wealth accumulation, investors navigate not only market fluctuations but also the often-overlooked terrain of taxation. The symbiotic relationship between investments and taxation is a critical aspect that can significantly influence the growth…
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December 4, 2023

How To Report Tutoring Income On Taxes?

Navigating the intricacies of reporting tutoring income on taxes is a crucial aspect of ensuring financial compliance for individuals engaged in tutoring services. As the demand for personalized education rises, many individuals find themselves providing tutoring services either as a…
Matthew Russel
What Are The Best Corporation Business Tax DeductionsCorporate Business Taxes & LawsFacts on TaxesFiling TaxesSmall BusinessTax DeductionsTaxes
December 4, 2023

What Are The Best Corporation Business Tax Deductions?

In the intricate realm of corporate finance, understanding and strategically utilizing tax deductions are crucial for businesses aiming to optimize their financial health. Corporations navigate a complex landscape of tax regulations, and identifying the best business tax deductions is not…
Matthew Russel

Filing Taxes Topics

Pay Taxes On Blackjack Winnings
Facts on Taxes

Do You Have To Pay Taxes On Blackjack Winnings?

Blackjack, a popular and thrilling gambling game, has captured the interest of players worldwide. As the excitement of winning at the blackjack table grows, it's important to understand the potential tax implications associated with your earnings. Taxation laws vary across…
Expenses

What Gambling Expenses Are Deductible?

In the exhilarating world of gambling, where fortunes can be made and lost with the turn of a card or the roll of the dice, it's crucial for enthusiasts to grasp not only the intricacies of their favorite games but…
Cryptocurrency

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…
Facts on Taxes

How Are Professional Gamblers Treated Differently To Reporting Gambling Winnings?

The exhilaration of placing a bet and the thrill of hitting the jackpot draw millions of individuals to casinos and gambling establishments worldwide. For some, gambling is an occasional recreational activity, while for others, it transcends into a serious profession.…
Facts on Taxes
Do Seniors Pay Taxes On Lottery Winnings In Pennsylvania?
Facts on Taxes
Do You Have To Report Gambling Winnings If You Lost More?
Filing Taxes
Do Seniors Have To Pay Taxes On Lottery Winnings In Georgia US?
Facts on Taxes
How to Pay Property Taxes Online?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Georgia?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Alabama?
How Does Gambling Work With Taxes
Facts on Taxes
How Does Gambling Work With Taxes?
Facts on Taxes
Can You Deduct Gambling Winnings?
Are Poker Winnings Taxed In Canada
Facts on Taxes
Are Poker Winnings Taxed In Canada?
File Your Own Taxes In Canada
Facts on Taxes
Is It Hard To File Your Own Taxes In Canada?
Facts on Taxes
Can You Deduct Gambling Losses On Your Taxes?
Can Gambling Losses Be Deducted On A 1099
Facts on Taxes
Can Gambling Losses Be Deducted On A 1099?

Gambling & Lottery Winnings Tax

Facts on Taxes

What Are The Penalties For Not Reporting Gambling Winnings?

Gambling winnings can be a thrilling and exciting experience for those who indulge in it. However, it's essential to remember that these winnings are still subject to taxes, just like any other income. Failure to report gambling winnings to the…
Facts on Taxes

Are There Any Minimum Amounts For Gambling Winnings To Be Taxable For Seniors?

As seniors engage in the thrill of casino games, lottery tickets, or other forms of gambling, a pertinent question arises: Are there any minimum amounts for gambling winnings to be taxable for seniors? The intersection of gaming and taxation is…
Facts on Taxes

Do I Have To Pay State Taxes On Gambling Winnings In Nevada?

When it comes to gambling, Nevada holds a special place in the United States as the hub of vibrant casinos and entertainment. As the home of Las Vegas, the state attracts millions of visitors each year, seeking their luck at…
Do You Have To Pay Taxes On Casino Winnings In The US
Facts on Taxes

Do You Have To Pay Taxes On Casino Winnings In The US?

When it comes to casino winnings in the United States, understanding the tax implications is crucial. Winning big at a casino can be an exhilarating experience, but it is essential to be aware of your responsibilities as a taxpayer. The…
Facts on Taxes
How Do I Claim My US Gambling Tax Back From The IRS?
How Does Gambling Work With Taxes
Facts on Taxes
How Does Gambling Work With Taxes?
Facts on Taxes
How Are Professional Gamblers Treated Differently To Reporting Gambling Winnings?
Facts on Taxes
Do Seniors Pay Taxes On Lottery Winnings In Georgia?
Facts on Taxes
What Types Of Gambling Activities Are Subject To Reporting On A 1099 Form?
Facts on Taxes
Can Seniors Deduct Gambling Losses From Their Winnings For Tax Purposes?
Tax Pay On US Lottery Winnings
Filing Taxes
How Much Tax Do You Pay On US Lottery Winnings?
Facts on Taxes
Do You Have To Claim Gambling On Taxes?

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