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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?

Read Article
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
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…
Matthew Russel
Facts on TaxesFederal Income TaxFiling TaxesPersonal TaxesSelf Employed TaxesTaxes
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

Facts on Taxes

How Should I Approach H&R Block To Discuss A Mistake On My Tax Return?

Navigating the complexities of tax returns can be a daunting task, and even with the best intentions, mistakes can sometimes find their way onto the forms we submit. It's a common scenario — you've just realized an error on your…
Federal Income Tax

How Do I Declare Capital Loss To CRA?

Navigating the intricacies of tax regulations can be a challenging endeavor, especially when it comes to capital losses. As responsible citizens, understanding how to declare capital losses to the Canada Revenue Agency (CRA) is crucial for a comprehensive and accurate…
Estate Taxes

What Are The Tax Implications Of Inheritance?

Inheriting assets from a loved one can be an emotional time, but it's important to understand the tax implications that come along with it. Inheritance taxes can have a significant impact on the value of the assets you receive. This…
Facts on Taxes

How Tax Credits Work?

Tax credits play a pivotal role in shaping the financial landscape for individuals and businesses alike, serving as powerful incentives provided by governments to encourage specific behaviors or provide relief in various areas. Understanding how tax credits work is essential…
Facts on Taxes
How Can I Maximize My Tax Return In Canada?
Facts on Taxes
Are There Specific Gambling Winnings That Do Not Require Reporting On A 1099 Form?
Pay Taxes On Sports Gambling Winnings
Facts on Taxes
Do You Have To Pay Taxes On Sports Gambling Winnings?
Does Texas Tax Lottery Winners
Facts on Taxes
Does Texas Tax Lottery Winners?
Capital Gains Tax
Top Tax Deductions For Small Business
Facts on Taxes
Can You Deduct Gambling Winnings?
Expenses
Can You Use Casino Losses On Taxes?
Consumption Taxes
What Are The Tax Benefits Of Starting A Green Business In The US?
Facts on Taxes
How Many Audits Does CRA Do A Year?
Do You Report Gambling Winnings To The IRS
Facts on Taxes
Do You Report Gambling Winnings To The IRS?
Winning The Lottery In Canada
Facts on Taxes
How Long After Winning The Lottery Do You Get The Money In Canada?
Facts on Taxes
The Tax Benefits Of Owning Rental Property: What You Need To Know

Gambling & Lottery Winnings Tax

Facts on Taxes

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

In the vibrant world of gambling, the thrill of winning is often accompanied by responsibilities that extend beyond the casino floor or poker table. For those fortunate enough to secure a windfall, understanding the tax implications becomes paramount. The Internal…
Facts on Taxes

Does FanDuel Report Individuals Earnings To IRS?

FanDuel, an online platform for sports betting and daily fantasy sports, has gained significant popularity among enthusiasts seeking to engage in these activities. As individuals participate and potentially earn money through FanDuel, an important consideration arises: Does FanDuel report individuals'…
Win In A Casino In Canada
Federal Income Tax

How Much Can You Win In A Casino Without Paying Taxes In Canada?

Navigating the realm of casino winnings and taxation is an essential undertaking for any avid gambler or casual casino-goer in Canada. The allure of hitting the jackpot or experiencing a winning streak can be exhilarating, but it is equally important…
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 Specific Gambling Winnings That Do Not Require Reporting On A 1099 Form?
Facts on Taxes
Can You Claim Gambling Losses On Your Taxes?
Facts on Taxes
What Forms Do Seniors Use To Report Gambling Winnings?
Pay Tax On Casino Winnings In Canada
Facts on Taxes
Do You Have To Pay Tax On Casino Winnings In Canada?
Are Lottery Losses Tax Deductible
Facts on Taxes
Are Lottery Losses Tax Deductible?
Facts on Taxes
Can Seniors Deduct Gambling Losses From Their Winnings For Tax Purposes?
Do You Report Gambling Winnings To The IRS
Facts on Taxes
Do You Report Gambling Winnings To The IRS?
Tax Pay On US Lottery Winnings
Filing Taxes
How Much Tax Do You Pay On US Lottery Winnings?

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