There are virtually no secrets about the game of blackjack, especially with access to every aspect of the game provided by online resources. One can find literally hundreds of Web sites that provide valuable tips and secrets to make money by playing blackjack. There are many online resources where you can play online too. One [...]
Three Steps to Winning Poker
How can you become a better poker player? Have you ever wondered? Do you go over games and hands in your mind after a game or tournament is over? Do you think about pots you’ve won and lost and wonder what you could have done differently? Maybe you’ve read some poker tips online or even [...]
Gambling Income is Taxable
According to IRS section 61, “Except as otherwise provided in this subtitle, gross income means all income from whatever source derived…” This includes gambling sources of income. There are many assumptions about when to claim the winnings received from casinos. While most understand that the winnings are taxable, many assume that they are reportable only [...]
Taxes and Gambling
Get the Form Whenever you win a “qualifying amount” at a casino, they are legally required to report it to the IRS. Therefore, they will collect your social security number and send you an IRS Form W-2G. As such you want to make sure to report these winnings on your tax returns because the IRS [...]
An Introduction to Online Gambling
Whether you are novice or a veteran to gambling, it is imperative that you know as much about rules and strategy to optimize your chances of coming out ahead. Although gambling should always be looked at as entertainment and not as a source of income, that doesn’t mean you should throw away your hard-earned money. [...]
