Gambling Winnings and Losses

 The following article was published by the IRS. If you gamble, you need to know that gambling winnings are generally taxable and must be reported on your tax return. If you itemize your deductions on Schedule A, then you may also claim your gambling losses and other gambling-activity expenses, such as travel back and forth [...]

Employers Who Provide Leave Might Qualify to Claim Valuable Credit

Employers who provide paid family and medical leave to their employees might qualify for a credit that can reduce the taxes they owe. It's called the employer credit for family and medical leave. Here are some facts about the credit to help employers find out if they might be able to claim it. To be eligible, [...]

Holiday Online Shopping Tip – Use Safe Methods for Purchases

With holiday shopping season in full swing, make sure that you use safe methods when making purchases online. When going to make a purchase, ask yourself what information you are handing over. Before providing payment and personal information, be sure to check the website's privacy policy so that you understand how your information will be used. [...]

Four Common Tax Errors That Can Be Costly for Small Businesses

The following article was published by the IRS.  A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax hat. They may think of doing their taxes as just another item to [...]

Wrongful IRS Levy: More Time to Challenge

This video was published by the IRS. Have you or your business had wages or other assets seized or levied to pay off an IRS tax debt? If so, or if you believe the IRS seized the property in error, you now have more time to file a claim to get the money or property back. [...]

Go to Top