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 [...]
Category: Tax Tips |
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Tags: estimated tax, gambling losses, gambling winnings, Tax Tip, tax withholding
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 [...]
Category: Tax Tips |
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Tags: allowable deductions, not-for-profit hobby, tax implications, Tax Tip