Tax
Jan. 17, 2020
Tax tips for a better 2020
The IRS taxes all income, whether in cash or in kind. Lottery winnings? Taxed. Gambling winnings? Taxed. Crypto? Yes, it’s taxed too. Indeed, the IRS cares a great deal about this now.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
You may have made the usual New Year's resolutions, and the news suggests that many of us have already broken ours. These tips could help keep you out of trouble with the IRS all year long, and could even save you money. Start by thinking of taxes as everywhere and touching everything. That's right, the IRS taxes all income, whether in cash or in kind. Lottery winnings? Taxed. Gambling winnings? Taxed. Crypto?
Yes, it's taxed too. In...
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