LyfeAccounting
JULY 1, 2021
Be sure to check your Form 1099-G sent by the IRS that will show you if any taxes were removed from your unemployment benefits. If not, you may owe taxes on the benefits. Gambling Income. Gambling income is considered taxable income at the federal level, and may be taxable at your state level too. Wrapping Up.
Going Concern
JANUARY 19, 2024
Although Stewart used most of the money for the purported deal, he spent $355,000 of the money obtained from the investors on his own personal expenses, including mortgage payments, trips to Las Vegas, and gambling. It will submit its annual report to the agency at a public meeting in November 2024.
CPA Practice
APRIL 5, 2024
By Erik Wasson and Samantha Handler, Bloomberg News (TNS) Senate Republicans are poised to sink a $78 billion tax-cut package, gambling that they’ll win the majority in November and can push then for bigger breaks for business.
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