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This presentation will cover what‘s taxable when it comes to gambling income. I will review the different types of gambling you must claim on a taxpayer‘s state and or federal tax return. [2:25 to 3:25 p.m.]
The Carriage (Formerly The Regent)
Meeting and education
In person and via Zoom
Home Energy Credits
Zoom only
Home Energy Credits
This course will cover the basic S-Corporation (1120S) K1 with relationship to a 1040 tax return. It will cover how different parts of the K1 are reported on an individual tax return and the importance of knowing the taxpayer basis in their small corporation as well as some of the rules of non-passive and passive activity.