IRS Chief Counsel Advice Memorandum 2008-011
IRS Chief Counsel Advice Memorandum 2008-011 Office of Chief Counsel [...]
IRS Chief Counsel Advice Memorandum 2008-011 Office of Chief Counsel [...]
The purpose of this revenue procedure is to provide guidelines to taxpayers concerning the treatment of wagering gains and losses for Federal income tax purposes and the related responsibility for maintaining adequate records in support of winnings and losses.
Losses from wagering transactions shall be allowed only to the [...]