September 14, 2016

Tax Tips for Gambling Income and Losses


Gambling income. Income from gambling includes winnings from the lottery, horse racing and casinos. It also includes cash and non-cash prizes. You must report the fair market value of non-cash prizes like cars and trips. Payer tax form....

August 26, 2016

The IRS Sharing Economy Tax Center


The IRS has a new web page to help people and businesses understand these tax implications. An emerging area of activity in the past few years, the sharing economy has changed how people commute, travel, rent vacation places and perfor...

August 23, 2016

Moving Expenses Can Be Deductible


Did you move due to a change in your job or business location? If so, you may be able to deduct your moving expenses, except for meals. Here are the top tax tips for moving expenses. In order to deduct moving expenses, your move must mee...

July 20, 2016

About Your IRS Notice or Letter


If you receive correspondence from the IRS your accountant is available but here are some tips from the IRS: Don’t Ignore It. You can respond to most IRS notices quickly and easily. Follow Instructions. Read the notice carefully. It ...