AXS TV is a TV broadcaster based in Dallas, TX. Itâs an entertainment channel that airs a unique mix of live musical performances, comedy, movies and mixed martial arts. You can watch the channel online via the AXS TV live stream and its collection of videos, updated regularly. See our AXS TV review below, done with an emphasis on its streaming. Name: AXS TV. Location: Dallas, Texas, United States.
They think of it as their wages and therefore a business expense just as an employee's wage is an expense of the business and included in the Profit and Loss A/C. The difference is that an employees wages are taxed through the PAYE system whereas the sole traderâs drawings are not.
Page Content. Gambling income (âwinningsâ) is subject to state and federal income taxes. This includes winnings from the Minnesota State Lottery and other lotteries. Youâre responsible to report and pay income tax on all prizes and winnings, even if you didnât receive a federal Form W-2G, Certain Gambling Winnings.