The tax implications of being a winner

The tax implications of being a winner

Aug 8, 2019 | Firm Updates, Individual Tax, Tax Tips

If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning at gambling Whether you win at the casino, a bingo hall, or elsewhere, you must report 100%...
Three strategies for tax-smart giving

Three strategies for tax-smart giving

Aug 10, 2016 | Tax Tips

Giving away assets during your life will help reduce the size of your taxable estate, which is beneficial if you have a large estate that could be subject to estate taxes. For 2016, the lifetime gift and estate tax exemption is $5.45 million (twice that for married...