Gambling losses and taxes?
Casinos in our state keep records of winnings and losses. See if you can't get records of your losses going back to 2020.
Columbus, OH
Tax Lawyer at Columbus, OH
Practice Areas: Tax, Estate Planning ... +3 more
Casinos in our state keep records of winnings and losses. See if you can't get records of your losses going back to 2020.
Next time you file your income tax return, have your refund deposited in a REAL (that is "brick & mortar") BANK.
They will issue you a 1099 for your earnings. Report your earnings on Schedule C. And yes, you will be required to pay self-employment taxes...
Anybody living and working in this country is required to pay income tax ----- regardless of their immigration status.
No. You will be taxed on the growth --- it will be taxed as ordinary income.
This is not a tax law question. I am changing the category of your question to probate.
Your question is unclear. The 1099 income should be income to the LLC. If you file 1040 and include the LLC income on Schedule C, then report...
Your question is unclear. You need to consult an expert probate attorney to determine your rights to the property in question.
Big Brother isn't that thorough --- at least, not yet. Now if you were audited, they MIGHT look at your driver's license, but even then, that's a...
Maybe, maybe not. (I don't think that the IRS computers match chronological filings --- at least not yet) The penalties for non-compliance with...