Reporting Gains and Losses From Recreational Gambling
Here’s a common scenario: Gavin spends a weekend in Las Vegas. His overall position from gambling is negative, but he made a couple of lucky bets. He receives Form W-2G showing $3,000 in…
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Posted on 03/07/2012 04:50 pm | Comments Off on Reporting Gains and Losses From Recreational Gambling
Can I deduct my wife´s dinner?
Ian is a software engineering consultant who works for a small firm of which he is a 25% owner. He much prefers working at his computer to going out on the town, but occasionally…
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Posted on 03/06/2012 04:08 am | Comments Off on How to Deduct Entertainment Expenses Part 2
Most business owners know that certain entertainment expenses are deductible under some circumstances, but judging by the large number of questions we get on this topic, I don´t think many people actually know the rules.
Like all business deductions, entertainment…
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Posted on 03/06/2012 04:02 am | Comments Off on How to Deduct Entertainment Expenses
