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Gambling Problem: Reporting Winnings to the IRS
A common question for consumers completing a tax return is whether or not gambling winnings are taxable, and how such winnings would be reported on the return. In most all circumstances, money won from gambling is fully taxable and must be reported on tax returns.
In fact, sometimes the payer of gambling winnings might provide a [...]
Hungarian Receipts Transform Into Lottery Tickets
With a one in a million chance of winning a few thousand dollars force you to keep all your receipts? The Hungarian government is hoping that it is. If it goes as planned, the government’s new “receipt lottery” system, which basically makes every receipt for everyday transactions into a de facto lottery ticket, will give [...]
Going to Taiwan? Keep Your Receipts.
There are plenty of good reasons to save receipts, but in Taiwan, you can actually get paid cold, hard cash for saving receipts you get from retailers.
Forget reimbursements, taxes, budgeting and insurance. I want the cash. So if I ever move to Taiwan, I am definitely going to participate. Here’s how it works:
In order to [...]
