High Swartz - Attorneys At Law LLP

Is donation-based crowdfunding considered income? If so, how is it taxed?

An elderly man beaten with a brick on July 4th in Los Angeles is in critical condition. A German Shepherd is beaten and shot while protecting his young owner during a burglary. Then, there is the little girl born prematurely who needs tests, treatments, doctors and surgeries to survive. In each of these situations, the […]

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Highlights on the New Tax Law

January 23, 2018 By Stephanie A. Henrick While we are still waiting for the U.S. Department of Treasury to issue guidance on the new tax laws, here is what we know: Estate and Gift Tax Changes The federal estate, gift and GST tax exemptions have doubled to $11,180,000 per person ($22,360,000 for a married couple). […]

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Fall Fantasy Football Frenzy and Federal Income Tax

September 29, 2015 By Stephanie A. Henrick, Esq. Whether DeMarco Murray’s running game has plummeted your stats or Saquon Barkley’s stunning athleticism shot you into first place, any winnings you receive from playing Fantasy Football are considered taxable income by the IRS. Under the Internal Revenue Code Section 183, you (the taxpayer) will be taxed […]

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Owning the Next American Pharoah: A Tax Perspective

July 10, 2015 By Stephanie A. Henrick On June 6, 2015 millions cheered as the Belmont Park bell rang, the gates flew open and 8 horses burst onto the track to tackle the 1.5 mile course to race the “Test of a Champion.” After a rough start, 3 year old American Pharoah made it look easy […]

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