Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and...
When I first started investing in the stock market, I wasn’t quite sure what I was doing. I wasn’t sure if my purchases would lose value the moment I bought them or if they would grow into exponential figures. I was also...
Are you a social media influencer or a well-followed blogger? You may be having fun while working and promoting your favorite brand, but if you are being financially rewarded, the IRS says that you are a business – a self-employed,...
Most people don’t think about taxes on their way to a racetrack or casino, but what might seem like nothing more than the chance to win some extra money actually carries significant tax implications. As is often the case, federal and state...
Pre-tax, after-tax, who cares? Everything gets taxed, right? Well, not always. There are some employee benefits that are never taxed, and you can also benefit from deferring taxes for many years. Benefits That Aren’t Taxed: If an employer pays the...
With Snap Inc. going public a little over a year ago and Spotify doing a direct listing on the New York Stock Exchange yesterday without an initial public offering (IPO), we thought it would be a good time to talk...
Last year, ESPN estimated that March Madness bets would total to the whopping amount of $10.4 billion. That’s real money! And real money comes with real tax implications. How much your March Madness bracket will cost you at tax time...
The outfits are picked, parties planned, and the votes for the 2019 Oscar winners will be tallied. This week Hollywood’s nominees will gather for the 91st Academy Awards ceremony. And while most hopefuls will not be walking away with the...
Bonuses are an excellent way to motivate employees and reward top performers. However, bonuses can also quickly change one’s tax return and the amount of taxes initially withheld depending on the payout. Are bonuses treated as regular income or singled...
Are you ready for some football? If so, maybe you’ve been thinking about putting a little money on the game, and if you are, it’s important to know that there may be tax implications. Like other sources of income, gambling...
Every year, I join a fantasy football league with my friends and every year, I lose. So for me, unfortunately, my limited sports gambling has no impact on my taxes. But if you frequently place bets on sporting events, and... 
