Edmonds Beacon - Your Hometown News Source

Taxes: Know your way around these issues to prevent problems | Money Matters


Last updated 4/1/2021 at 9:41am

Here are six tax topics that seem innocent but can cause problems if not handled correctly.

Gambling winnings: If you receive a tax form at a casino for your winnings, that information is sent to the tax authorities. Since the form typically only...

For access to this article please sign in or subscribe.


Reader Comments(1)

Debra Arthur writes:

Thanks. I give everything to charitable orgs. I do not even use that as a tax deduction... Its even nicer that way. I give thousands away every year...I deduct none of them. Why, trying to help. Not take. Besides if done honestly..the amount your give away of things is maybe 10 % of the value and the cost for Xtra forms required by IRS and their filling them out reduces any real benefit. Now if you are in not great or even good financial condition and able to itemize go for it. But don't expect it to help much. Good luck.


Our Family of Publications Includes:

Mill Creek
Beacon Magazine Mukilteo Edition
Beacon Magazine Edmonds Edition
Beacon Magazine Millcreek Edition

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021