by Rocky Mountain Accounting | Oct 24, 2017 | Uncategorized
Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or...
by Rocky Mountain Accounting | Aug 30, 2017 | Uncategorized
If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, Employee’s Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You...
by Rocky Mountain Accounting | Aug 30, 2017 | Uncategorized
Taxpayers must report all gambling winnings as income. They must be able to itemize deductions to claim any gambling losses on their tax return. Taxpayers who gamble may find these tax tips helpful: Gambling income. Income from gambling includes winnings from the...
by Rocky Mountain Accounting | Jul 18, 2017 | Uncategorized
What happens to your debts after you die depends on the type of debt, whether anyone cosigned the loan, where you live, and the size of the estate you leave behind. If you are married, your surviving spouse will have to assume responsibility for the outstanding debt...
by Rocky Mountain Accounting | Jul 18, 2017 | Uncategorized
If you use one of the many online platforms available to rent a spare bedroom, provide car rides, or to connect and provide a number of other goods or services, you’re involved in what is sometimes called the sharing economy. An emerging area of activity in the past...
