All Things Taxes

Tax tips and tax alerts from JK Harris

The Lucky Seven—
Gambling Winnings and Losses Tax Tips

JK Harris | August 20, 2009

Summertime Tax Tip 2009-14
You may know when to hold ‘em and when to fold ‘em but do you know how and when to report ‘em? Whether you are playing cards or the slots, it is important to know the rules about reporting gambling winnings and losses.
Here are seven things the IRS wants you to know [...]

Eight Important Questions for Hobbyists

JK Harris | August 20, 2009

Summertime Tax Tip 2009-18
Summer is a time many Americans take their fishing poles and gardening tools out of storage. Hobbies – such as woodworking, stamp collecting and scrapbooking – are often done for pleasure, but can result in a profit.
If your favorite activity does make a profit every year or so, there may be tax [...]