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Reporting Gambling Income and Losses
Whether you’re a casual or professional gambler, your winnings are taxable. However, the Treasury Inspector General for Tax Administration reports that gambling income is vastly
Payroll Fraud Threats Inside and Outside Your Company
Payroll fraud schemes can be costly. According to a 2024 Association of Certified Fraud Examiners (ACFE) study, the median loss generated by payroll fraud incidents
Tax Season Cleanup
Which Records Can You Toss? If you’ve filed your 2024 tax return, you may be eager to do some spring cleaning, starting with tax-related paper
Managing Products and Services in QuickBooks Online
Customers may be the lifeblood of your business, but they wouldn’t exist without the products and services you sell. It doesn’t matter whether you’re a
Could You Be Hit with the Trust Fund Recovery Penalty?
If you own or manage a business with employees, you could be personally responsible for paying a harsh tax penalty. It’s called the Trust Fund
File Your FBAR on Time to Avoid Penalties
Any U.S. person with a financial interest in or authority over foreign financial accounts may be required to file a Report of Foreign Bank and
