by Brandon Dante | Aug 5, 2017 | San Francisco, Tax Tips
Gambling is a recreational activity for many taxpayers, and as one might expect, the government takes a cut if you win and won’t allow you to claim a loss in excess of your winnings. In fact, there are far more tax issues related to gambling than you might expect, and...
by Brandon Dante | Jul 21, 2017 | Tax Tips
If you are fortunate enough to have a large estate – one large enough to be subject to the estate tax upon your death – you might be considering ways to give away some of your wealth to your family and loved ones now, thereby reducing the estate tax when you pass on....
by Brandon Dante | Jul 20, 2017 | General Tips, Tax Tips
Renting out your home or second home for short periods of time is becoming increasingly popular with the advent of online services that match property owners with prospective renters. The online sites providing these services include Airbnb, VRBO, and HomeAway. There...
by Brandon Dante | Jul 15, 2017 | Tax Tips
The Earned Income Tax Credit (EITC) is a tax benefit for working people who have low to moderate income. It provides a tax credit that is treated like tax withholding: it goes to pay an individual’s tax liability, and any excess is paid to the individual in the form...
by Brandon Dante | Jul 14, 2017 | Business Tips, Tax Tips
When individuals buy new homes, they often consider turning their old homes into rentals rather than selling them. All too often, that decision is made without considering the tax implications. Converting a former residence into a rental may also happen when two...
by Brandon Dante | Jul 8, 2017 | Business Tips, General Tips, Tax Tips
Taxpayers are often confused by the differences in tax treatment between businesses that are entered into for profit and those that are not, commonly referred to as hobbies. There are differences… Businesses Entered Into for Profit – For businesses entered for profit,...
