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Tax implications of fantasy sports

Tax implications of fantasy sports

by | Sep 2, 2020 | Personal Taxes

If you’re among the nearly 60 million fantasy sports players in the U.S. and Canada, it’s important to understand the tax implications of both your winnings and losses. Whether you’re creating your fantasy team through DraftKing, Yahoo!, ESPN or any of the other...
Filing a tax extension

Filing a tax extension

by | Mar 18, 2020 | Personal Taxes

Filing your individual tax return, no matter how complex or relatively simple, can be very time consuming. Applying for an extension from the Internal Revenue Service is a way to give yourself an additional six months to get all of your paperwork in order. Do keep in...
Five reasons to hire a CPA to do your taxes

Five reasons to hire a CPA to do your taxes

by | Jan 22, 2020 | Personal Taxes

While you might think managing your taxes is just another part of your financial responsibilities, such as paying bills and monitoring your bank accounts, think again. Accounting, tracking and filing taxes swallow up a lot of your valuable time that could better be...
Changing your domicile for tax purposes

Changing your domicile for tax purposes

by | Dec 23, 2019 | Personal Taxes

For years, taxpayers, and in particular, wealthy taxpayers, have sought to reduce their tax burden by establishing residency in states with lower tax rates.  Florida is a favorite destination because it has no state income tax. Financial experts warn that the process...