Did You Know That Lottery Winnings Are Taxable?

Did You Know That Lottery Winnings Are Taxable?

As you probably already know, winning the lottery can mean millions of dollars and the realization of your wildest dreams. But, can lottery winnings also mean added headaches when tax time rolls around? The Lottery and Taxes People tend to get very excited when there...
How Should Tax Planning Be Done?

How Should Tax Planning Be Done?

One of the crucial things you need to remember, whether you are an employer or an employee, is to file your taxes on time. In the U.S., the tax filing deadline is set at April 15 every year. Miss out on that and everything can turn haywire. In order to make sure that...
Useful Self-Employment Tax Reduction Tips

Useful Self-Employment Tax Reduction Tips

A lot of people find joy in being self-employed. Because you can be your own boss, be able to work at your own pace, and have some extra time for enjoyment without worrying about other things. But of course, if there is one thing you must remember when you are...
When Do You Qualify For Innocent Spouse Relief?

When Do You Qualify For Innocent Spouse Relief?

When a married couple signs a joint tax return, they are signing a legal document that will hold both signatories in joint and several liability. That applies to the information shown on the return. Next, the spouse of each person can be held liable for the entire tax...