Same-Sex Marriage and the Florida Homestead Property Tax Exemption

Home and marriage almost always go hand-in-hand, even when taxes are concerned. All legally married couples enjoy benefits when they own a property, namely the unique legal status of Tenants By The Entirety (TBTE), which is granted automatically when they become Grantees of a deed. The recent Supreme Court ruling means that same-sex couples will […]

The Audit Process of the I.R.S.

One of the most routine yet dreaded tax experiences is having the I.R.S. examine – aka audit – a tax return. Contrary to popular belief, the I.R.S. does this simply to verify that the reported tax is correct – it does not constitute an assumption of fraud or inaccuracy on the part of the taxpayer. […]

Useful Tax Tips for Poker Players

In a previous post, we looked at the many ways in which taxes apply to gambling, whether at a casino or during a friend’s poker night. With that information in mind, here are some useful tips on how to navigate the complex world of tax law as a poker player. File as a Professional Gambler […]

Poker and Tax Consequences

  There are few experiences more gratifying to a poker player than winning big. As poker continues to grow in popularity, millions of players will feel the impact of tax law, which applies to gambling winnings as it does to any income earned – albeit with some important stipulations. For starters, all gambling winnings are […]