Tag: Records

Gambling, Wins and Losses What happens in Vegas, stays in Vegas.  Unfortunately, the IRS tends to disagree with that sentiment, especially when it comes to your taxes.  Whether you are a consistent gambler or your winnings (or losses) are the …

Gambling With Your Taxes Read More »

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This is a question we get all the time–what should you keep on record, and how long should you keep them? As tax filing season winds up, the IRS (as well as Gagliano Associates) offers some words of advice about …

Record Keeping and Tax Preparedness Read More »

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Most taxpayers don’t have a problem keeping records for the immediate tax year. However, after the tax season is over, most of us forget about keeping records for past tax years. This results in one of two problems: if you’re …

Keeping Records: What can Stay and Go Read More »

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Charity and donations are a good tax write off. When making gifts to charity, keeping good records is key to qualifying for the full charitable contribution deduction allowed by law. Donors must get a receipt from the charity for all donations …

Charity and Donations: Why Good Records are Key to Claiming Gifts Read More »

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During the holiday season a missed or stolen package can be aggravating, which is doubtless why you eagerly watched for deliveries all December, calling the nanosecond you suspected a problem. Unfortunately, many employers don’t send tracking numbers when the packet …

It’s tax season. Do you know where your mail is? Read More »

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As 2014 draws to a close, it’s nearly time for the annual deluge of tax forms – including 1098’s reporting mortgage interest or W-2’s from employers reporting your annual wages. But while gathering documents for the past year’s taxes is …

7 big tax changes in 2015 Read More »

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Martha Gagliano started their tax preparation business in 1987 and recently retired. I asked her to write a blog for you. Do you like to get a refund?? The best way is to keep good records. Businesses: save and catalog all …

Keeping good records could = more refunds for you!! Read More »

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