If you have your own business, you can write off your expenses. This reduces you income, and lowers your tax bill. Sadly, you can’t just write off whatever you want.
The IRS is clarifying the fact that yes, you do have to report your poker winnings as income, because apparently there has been some “confusion.” Ahem.
The IRS has launched a special section of its website aimed at helping people who are facing foreclosure navigate the tax issues that surround debt forgiveness.
Forbes has put together a list of America’s Best and Worst Paying jobs. The best? Anesthesiologists with a mean annual wage of $184,340. The worst? Food prep and Fast food workers: $15,930.