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Gambling Winnings Tax Tips

Gambling Winnings Tax Tips

Tip Sheet on Gambling Income and Losses Whether you like to play the ponies, roll the dice or pull the slots, your gambling winnings are taxable. You must report all your gambling income on your tax return. If you’re a casual gambler, odds are good that these basic...
Nine Tips for people who owe MONEY to the IRS

Nine Tips for people who owe MONEY to the IRS

Did you end up owing taxes this year? The vast majority of Americans get a tax refund from the IRS each spring, but those who receive a bill may not know that the IRS has a number of ways for people to pay. Here are nine tips for taxpayers who owe money to the IRS. If...
Tax Information for Students Who Take a Summer Job

Tax Information for Students Who Take a Summer Job

Many students take a job in the summer after school lets out. If it’s your first job it gives you a chance to learn about the working world. That includes taxes we pay to support the place where we live, our state and our nation. Here are eight things that students...

Estate Tax FAQ

What is “Fair Market Value?” Fair Market Value is defined as: “The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both...