Casino and gambling guide and advice
An important key to successful roulette is the knowledge on how to handle winnings. This has been one of the many culprits that brought down players to financial disaster. Playing roulette is not all about winning money. Although money plays a great deal of motivation among players, the desire to win more has been the [...]
The Internal Revenue Service requires the reporting of gambling winnings as income. Gambling losses are tax deductible for taxpayers who itemize deductions. However, the deduction for gambling losses is limited to the amount of gambling winnings. Consequently, gambling losses cannot apply to the reduction of income from sources other than gambling. The IRS therefore treats [...]
