President Donald Trump's first few weeks in office have been met with a flurry of activity from the White House. Among the many proposals President Trump has for his administration is a tax plan that could cut the total number of tax brackets from seven to three and eliminate the estate tax.
Gambling is more than just a form of entertainment or hobby; according to the IRS it is also considered a form of income. Since income must be reported for taxes, any winnings you receive from gambling must also be reported. These winnings can be anything from casinos, lotteries, horse races and raffles to cars, trips and other cash prizes.
In just a few weeks, Americans will select the next president of the United States. As the campaigns complete their final pushes toward the finish line, one topic remains in the media: the release (or nonrelease) of nominees' tax returns.
There are times in life when nearly everyone discovers that someone they love is not the person they believed him or her to be. If you have recently uncovered certain truths about your spouse that have left you panicked about your financial future, you are not alone. Unfortunately, many Americans have shared the experience of learning that their spouse has been treating marital assets carelessly, recklessly or even fraudulently.