Tax Help for Gamblers: Poker & Other Casino Games

Tax Help for Gamblers: Poker & Other Casino Games

by Jean Scott, Marissa Chien, Phil Gordon
     
 

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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

Overview

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 whys 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 relevant 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 video poker, live poker, online, international, and cruise ship players.

Product Details

ISBN-13:
9780929712536
Publisher:
Huntington Press
Publication date:
01/28/2008
Pages:
167
Product dimensions:
5.63(w) x 8.50(h) x 0.45(d)
Age Range:
18 Years

Meet the Author

At first glance, Jean Scott appears to be what she is—your average 60-something retired English teacher from the Midwest. In her secret life, though, she’s the most successful casino low roller in the country. Dubbed the “Queen of Comps” by CBS’ “48 Hours,” by using slot clubs, taking advantage of promotions and contests, gambling with coupons, and exploiting everything in the casino world that’s even remotely vulnerable, Scott has developed a technique for getting everything she wants from the casinos from Las Vegas to Atlantic City. She has been featured on “Dateline,” “Hard Copy,” “To Tell the Truth,” numerous Travel and Discovery channel documentaries, and “48 Hours.”

Marissa Chien is an Enrolled Agent and the president of her own firm, Advantage Tax Plus, Inc., where she provides tax accounting, financial planning, and wealth management services to her clients. She is a graduate of the University of Michigan and has approximately 300 individual and corporate clients, including Jean Scott and Phil Gordon as well as other poker champions and professional gamblers.

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