Inconsistent chatter from a Sacramento-based 'Sconi attorney.

Wednesday, April 15, 2009

Tax Relief Blog - 10 Overlooked Forms of Taxable Income

Happy Tax Day, everybody! Hurrah!

Well, to help out last minute filers, my company's blog, the Tax Relief Blog, put out a list of 10 Commonly Overlooked Forms of Taxable Income. These income types are taxable and, yet, often go unclaimed by taxpayers on their tax returns. This results in tax problems, such as audits or tax debt.

Be especially aware of Gambling Winnings. While you can deduct your gambling losses, keep in mind that the amount of loss claimed cannot exceed the amount of your gambling income.

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