Gambling Winnings Tax

Are Gambling Winnings Taxable? Playing gambling in the United States is legal, while playing gambling you should make a note of the transactions, gambling winnings must be reporting the income to the Internal Revenue Service (IRS) and based on your eligibility of Itemized Deductions you can deduct gambling losses up to the gambling income. You […]

Tax Benefits For H1B Visa Holders in USA

Income Tax Benefits Information for H1B Visa Holders in USA H1B Visa Holders in USA do find difficulty in knowing about their eligible deductions and credits, having better understanding about credits and deductions will possibly reduce your tax liability and increase tax refunds. There has been much efforts from our side helping all H1B and […]

What If I Don’t Have All My W-2 Forms?

What If I Don’t Have All My W2 Forms? Most of the Americans do not have a basic knowledge about the tax return. To avoid any kind of tax-related issue, it is better to have some basic knowledge about the tax return. It is required by the IRS employers to report wages and some information […]

What Happens If You Get Audited?

What Happens If You Get Audited? In case of tax return the IRS (Internal revenue Service) letter is a significant thing and, in that case, if you receive an IRS tax audit, that’s a scary thing to think about. What Is a Tax Audit?  A tax audit is when your tax return is examined by […]

How Long Can The IRS Hold Your Refund For Review?

How Long Can The IRS Hold Your Refund For Review? There might be many reasons why the Internal Revenue service might review and hold off your refund. The general norm is to file for your income tax return via electronic means through a computerized system where the system scans and reviews your return application. In […]