Reporting Gambling Income and Losses

by | Oct 1, 2021 | News

If you aren’t in the trade or business of gambling, you should be aware that gambling winnings are fully taxable and must be reported as income on your tax return. Gambling income includes but isn’t limited to winnings from lotteries, raffles, horse races,...

Job Loss Could Affect Your Tax Situation

by | May 1, 2020 | News

If you’ve lost your job you may have questions about how it could affect your tax situation. Here are some answers: Q: I lost my job. How does this affect my tax situation? A: The loss of a job may create new tax issues. For example, any severance pay you...
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