Category Archives: Individual Taxes

Online Gambling and Payment Accounts Tax Reporting Warning

Posted on June 9, 2014 by

In a recent court case (Hom, (DC CA 6/4/2014) 113 AFTR 2d ΒΆ 2014-893), a taxpayer’s online payment and poker accounts were found to be reportable under FBAR. All of the accounts were with companies located outside the United States. … Continue reading →

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Beware the 3.8% Investment Surtax

Posted on May 30, 2014 by

Plan now to save yourself from this new tax on investment income. If you meet the income thresholds below and have net investment income, an additional 3.8% tax will be due. This tax went into effect on January 1, 2013. … Continue reading →

Posted in Business Taxes and Accounting, Individual Taxes | Leave a comment