The complete tax implications of winning and losing at gambling are pretty much a mystery to accountants, gamblers and even the Internal Revenue Service itself. The IRS offers surprisingly few details to guide gamblers through the tax maze. Furthermore, what the IRS does say is often general, vague, open to individual interpretation, and contradictory; IRS publications and personnel often leave you with more questions than answers.
Tax Help for Gamblers deals with the innumerable nuances and gray areas of gambling and taxes. It covers all the shys and wherefores of this complex subject, including tax-code specifics, record-keeping, filing your tax return, state-tax considerations, audits and other tax problems — often citing relevent court cases to help you come to the proper conclusions. Numerous charts and forms help you see the practical application of the information.
This book is for recreational and professional gamblers, including low and high rollers, machine and table-game players, and vide poker, live poker, online, international, and cruise ship players.
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