Follow Us!
-
Recent Posts
Recent Comments
Archives
Categories
Meta
-
Disclaimer
-
ANY TAX ADVICE IN THIS COMMUNICATION IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED, BY A CLIENT OR ANY OTHER PERSON OR ENTITY FOR THE PURPOSE OF (i) AVOIDING PENALTIES THAT MAY BE IMPOSED ON ANY TAXPAYER OR (ii) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY MATTERS ADDRESSED HEREIN.
Monthly Archives: July 2024
Reporting Gambling Income and Losses to the IRS
Gambling income is any money or prizes that you earn from games of chance or wagers on events, including racetracks, raffles, the casino, or the lottery. Gambling income is fully taxable and must be reported on your federal tax return, … Continue reading
Posted in Uncategorized
Leave a comment