Skip to main content
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…

Filing Taxes Topics

Facts on Taxes

What You Need To Know About Filing Taxes For Rental Income?

As a landlord, one of your most important responsibilities is to file your taxes properly, including any rental income you receive. Filing taxes for rental income can be complicated, and failing to do so correctly can result in penalties and…
Facts on Taxes

Can You Buy a House If You Owe Taxes?

Purchasing a house is a significant milestone for many individuals and families, but it's not uncommon for aspiring homeowners to have outstanding tax obligations. If you owe taxes to the government, you may wonder if it's still possible to buy…
Facts on Taxes

Is Lottery Taxed In Quebec?

In the province of Quebec, the allure of winning the lottery and the prospect of newfound financial freedom captivate the dreams of many. However, the realization of such dreams prompts an important question: Is the windfall from winning the lottery…
Corporate Business Taxes & Laws

Can An LLC Claim Lottery Winnings In Kentucky?

Limited Liability Companies, or LLCs, are popular business structures in the United States that provide liability protection to their owners. With the increasing popularity of LLCs, questions have arisen about whether they can claim lottery winnings. In Kentucky, a state…
Facts on Taxes
Should I Worry If I Get Audited?
Filing Taxes
Can You Deduct Gambling Expenses?
Federal Income Tax
Is Gambling Winnings Taxable In California?
Corporate Business Taxes & Laws
Can An LLC Claim Lottery Winnings In Indiana?
Does Arizona Tax Lottery Winners
Facts on Taxes
Does Arizona Tax Lottery Winners?
Corporate Business Taxes & Laws
What Can You Write Off On 1099 Taxes?
Does New York Tax Lottery Winners
Facts on Taxes
Does New York Tax Lottery Winners?
Federal Income Tax
How Does The State I Live In Impact My Taxes In The US?
Facts on Taxes
The Pros and Cons of Filing Taxes Online: What You Need to Know
Facts on Taxes
What Are The Tax Implications Of Working Remotely?
Facts on Taxes
What Are The Tax Benefits Of Donating To Conservation Easements?
Federal Income Tax
Do You Have To Report PrizePicks On Taxes?

Gambling & Lottery Winnings Tax

Facts on Taxes

What Happens If I Don’t Report My Gambling Winnings On My Taxes?

Gambling can be an exciting and potentially lucrative pastime, but it also comes with tax obligations. The Internal Revenue Service (IRS) requires all gambling winnings to be reported on tax returns, regardless of the amount. Failure to report gambling winnings…
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

Do Seniors Have To Pay Taxes On Gambling Winnings?

Gambling can be a fun and exciting way to pass the time, but it can also be a source of confusion and uncertainty when it comes to taxes. For senior citizens, the question of whether or not they have to…
DraftKings Tax Deductions
Facts on Taxes

Are DraftKings Losses Tax Deductible?

As the popularity of online sports betting continues to rise, platforms like DraftKings have become a favored destination for sports enthusiasts and gamblers alike. While the thrill of placing bets and potentially winning big is enticing, it's important to understand…
Deduct Gambling Losses Without Itemizing
Facts on Taxes
How Do I Deduct Gambling Losses Without Itemizing?
Can Gambling Losses Be Deducted On A 1099
Facts on Taxes
Can Gambling Losses Be Deducted On A 1099?
Facts on Taxes
Do I Have To Pay State Taxes On Gambling Winnings?
How Much Can You Win At A Casino Without Getting A Tax Form
Facts on Taxes
How Much Can You Win At A Casino Without Getting A Tax Form?
Facts on Taxes
Are All Types Of Gambling Winnings Reported On A 1099 Form?
Facts on Taxes
Are Sports Betting Losses Tax Deductible?
Federal Income Tax
Is Gambling Winnings Taxable In California?
Pay Taxes On Sports Gambling Winnings
Facts on Taxes
Do You Have To Pay Taxes On Sports Gambling Winnings?

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