Written by Matthew Boucher January 15, 2024 At the Tax Partners Institute, we are asked a myriad of questions concerning items that people have come across on social media. As with most things in life, there is often a kernel of truth in what they saw, but is often overly simplified, misinterpreted, or both. Before … More Navigating the Odds: A Guide to Professional vs. Recreational Gambler Tax Implications

Written by Tracy L. Stant September 20, 2022 The IRS defines gross income as “income from any source derived.” This means that we can usually assume that any income is taxable unless tax law specifies otherwise. Regardless, every tax season, Americans across the nation neglect to include income items on their tax return that are, … More Is It Taxable?