The complete tax implications of gambling are a big mystery to
gamblers, accountants, and even the Internal Revenue Service
itself. The IRS offers surprisingly few details to guide gamblers
through the tax maze and what it does say is often general, vague,
even contradictory.
Tax Help for Gamblers, now fully revised and updated to reflect
changes in tax law since it was first published in 2007, deals with
the innumerable nuances and gray areas of gambling and taxes. It
covers all the whys and wherefores of this complex subject,
including tax-code specifics, record-keeping, filing your tax
return, state-tax considerations, and audits and other tax
problems. 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, table-game and machine players,
video poker and live poker players, online enthusiasts,
international and cruise ship players, and people who live or
gamble in states with income taxes. Whether you're a do-it-yourself
tax filer or you use a tax professional, Tax Help for Gamblers is
an indispensable guide to staying square with the taxman.
General
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