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If you owe money to the Internal Revenue Service (IRS), you are probably looking for any possible way to resolve the matter or reduce the amount that you owe. In some situations, you may be able to request a refund or abatement of your tax debt. This can be done by filing…
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For many American taxpayers, April 15 is the worst day of the year. Beyond the drudgery of filling out forms and assembling documentation, these individuals know that they will have to write a big check to the Internal Revenue Service (IRS). So what happens if you owe more in taxes than you…
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If you’re like many Americans, you enjoy gambling. Perhaps you hit Atlantic City or even Vegas a few times a year, having fun while winning a few bucks. But how does your gambling affect your taxes?
Gambling winnings are considered taxable income, which means that you must report them as such…
