Casino and gambling guide and advice
Do you enjoy gambling? Many people find it enjoyable and relaxing to go to a casino and spend time at the slots or tables. A big problem we see as accountants is that most people don’t understand how the winnings affect their tax return. Here are a couple of examples. About 25 years ago a [...]
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 [...]
If you’re new to betting on Sporting Events on the web, you may be confused by the many bets that modern bookies and sportsbooks advertise. Amongst the most confusing to a novice gambler are Multiples. Although multiples can offer great returns, they can be notoriously hard to make a consistent profit with.. Almost all pro [...]
