Fascinating: Is the IRS Auditing Income Tax Returns for “Unreported Gambling Winnings” Even Though The Wagering Gains Are Calculated by the “Gambling Session” Methodology?
In one week, we were contacted by taxpayers in Oklahoma [...]
What is a Casino Win/Loss Statement?
A casino win/loss statement is a report or letter from [...]
When are Casino Win/Loss Statements Sent?
Many gamblers and tax professionals want to know when casinos [...]
Why the IRS HATES Casino Win/Loss Statements
The IRS hates casino win/loss statements for two main reasons [...]
Why the US Tax Court HATES Casino Win/Loss Statements
Over the years, the US Tax Court has reviewed [...]
Why Gamblers LOVE/HATE Casino Win/Loss Statements
Gamblers love to use casino win/loss statements because it is [...]
Why Everybody HATES the “Disclaimer” Language in Casino Win/Loss Statements
Without exception, every casino win/loss statement has some type of [...]
Why the IRS LOVES for Gamblers to Use a Gambling Diary to Track their Wins and Losses
The reason why the IRS loves gamblers to use a [...]
What is a “Gambling Session”?
Section 165(d) of the Internal Revenue Code provides that losses [...]
Geronimo and Gambling Taxes: The Story Behind a Legendary Warrior Can Prepare You For Tax Time (Strictly Slots Magazine)
Geronimo, the famous Chiricahua Apache warrior, was one of the [...]