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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…
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…
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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…
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

Can You Do Taxes By Yourself?

Taxes are an inevitable part of life, and for many individuals and businesses, they represent a significant financial obligation. While tax evasion is illegal and can lead to serious consequences, there are legal ways to minimize your tax liability within…
Reporting Gambling Winnings
Facts on Taxes

What Happens If You Forgot To Report Gambling Winnings?

The thrill of hitting the jackpot at a casino or scoring big with a winning lottery ticket is undoubtedly an exhilarating experience. However, amid the euphoria and excitement, it's easy to forget that those gambling winnings are subject to taxation…
Are Lottery Losses Tax Deductible
Facts on Taxes

Are Lottery Losses Tax Deductible?

Lotteries have long been a popular form of gambling, enticing individuals with the allure of life-changing winnings through the purchase of a simple ticket. For many, participating in a lottery is a thrilling prospect, offering the dream of financial freedom…
Facts on Taxes

What Are Some Of The Tax Havens In The World?

Tax havens, also known as offshore financial centers, are jurisdictions that offer favorable tax and financial benefits to individuals and businesses. These locations have attracted attention and debate due to their reputation for low taxes, banking secrecy, and flexible legal…
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In California?
Federal Income Tax
How Does The State I Live In Impact My Taxes In The US?
Facts on Taxes
What Is The Most Common Mistake Made On Taxes?
Facts on Taxes
The Pros and Cons of Filing Taxes Electronically in the USA
Facts on Taxes
Tax Breaks For College Students: How To Save Money On Your Taxes
Facts on Taxes
Do You Have To File Taxes On Gambling?
Cryptocurrency
Do I Have To Pay Taxes On Cryptocurrency If I Don’t Sell?
Capital Gains Tax
How To Claim Deductions For Investment Expenses
Capital Gains Tax
How Is Crypto Tax Calculated In Canada?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Virginia?
Facts on Taxes
Do Seniors Pay Taxes On Lottery Winnings In Massachusetts?

Gambling & Lottery Winnings Tax

If You Win Money In Vegas Do You Have To Pay Taxes
Federal Income Tax

If You Win Money In Vegas Do You Have To Pay Taxes?

When it comes to the glitz and glamour of Las Vegas, the possibility of striking it rich at the casinos can be exhilarating. However, amidst the excitement of winning money, it is crucial to consider the potential tax implications that…
Facts on Taxes

Do Seniors Pay Taxes On Lottery Winnings In Georgia?

Lottery winnings can transform lives overnight, bringing with them the promise of financial freedom and a world of possibilities. However, amidst the excitement and celebration, it's essential to understand these windfalls' implications, especially regarding taxes. When it comes to seniors,…
Facts on Taxes

What Happens If You Fail To Report Gambling Winnings On Your Tax Return?

Gambling can be a thrilling and sometimes lucrative pastime for many individuals, but what often escapes the excitement of hitting a jackpot or winning big is the responsibility that comes with it when tax season rolls around. Failing to report…
How Much In Gambling Losses Can You Claim
Facts on Taxes

How Much In Gambling Losses Can You Claim?

When engaging in sports gambling, it's important to understand the tax implications that come with both winnings and losses. While the focus is often on reporting and paying taxes on gambling winnings, it's equally important to be aware of the…
Facts on Taxes
Can You Claim Gambling Losses On Your Taxes?
Facts on Taxes
Can You Remain Anonymous If You Win The Lottery In Puerto Rico?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Puerto Rico?
How Gambling Winnings Are Taxed for Senior Citizens
Facts on Taxes
How Gambling Winnings Are Taxed for Senior Citizens?
Can You Claim Gambling Winnings Under An LLC
Facts on Taxes
Can You Claim Gambling Winnings Under An LLC?
Are Poker Winnings Taxed In Canada
Facts on Taxes
Are Poker Winnings Taxed In Canada?
How Much Tax Do You Pay On US Game Show Winnings
Filing Taxes
How Much Tax Do You Pay On US Game Show Winnings?
How Much Can You Win At A Casino Without Paying Taxes
Facts on Taxes
How Much Can You Win At A Casino Without Paying Taxes?

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