by rachel | Mar 4, 2025 | Articles
Understanding Self-Employment Tax in Oil and Gas Partnerships Investing in oil and gas partnerships can provide significant tax advantages, but it also brings unique tax obligations—particularly regarding self-employment tax. Many investors enter these ventures...
by rachel | Apr 19, 2024 | Articles
In lieu of filing a separate information return for each payment of reportable gambling winnings, a payor may use the aggregate reporting method to report gambling winnings from bingo, keno, or slot machine play on a daily basis. An information reporting period is...
by rachel | Dec 13, 2023 | Articles
Nondeductible contributions create basis If a governmental unemployment compensation program is funded in part by an employee’s contribution that is not deductible by the employee, then any amount received by the employee under the program is not taxable until...
