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...
by Rocky Mountain Accounting | Jul 5, 2017 | Uncategorized
IJuly 19, 2013 A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if...
by Rocky Mountain Accounting | Jun 28, 2017 | Uncategorized
Receiving a bonus at work usually happens toward the end of the year. Employers pay bonuses as a reward to employees for their hard work during the year, with many companies using a bonus as an incentive to motivate employees. While a bonus represents a great...
by Rocky Mountain Accounting | Jun 28, 2017 | Uncategorized
We can’t caution you enough about all of the scams that are out there. Please follow the link here in the article to read about all of the latest scams that have been going on this summer. Be smart and educate yourself. Don’t become a victim to the scams....
