How to Gamble Tax Free

How to Gamble Tax Free – This is a place for the community to provide tips and advice on How to Gamble Tax Free. This topic was created by Jay Saadian and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Are Gambling Winnings Taxed?

Published:  | Submitted by wendy stern | permalink
How Are Gambling Winnings Taxed?

Most people don't think about taxes on their way to the casino. But what might seem like nothing more than a fun night in Las Vegas actually carries significant tax consequences if you win. Failure...
Tags: lottery, mega millions, state taxes, taxes, turbotax, gambling, casinos, jackpot

Tip 2 - Appeals Court Rules IRS Can't Tax Some Gambling Winnings

Published:  | Submitted by William Sekora | permalink
Appeals Court Rules IRS Can't Tax Some Gambling Winnings

(Photo credit: Wikipedia) Everything is taxed, right? Just about. So when something isn’t, it seems truly remarkable. When you add that it's gambling winnings we're talking about, the idea that anything isn't taxed is, well, too good to be true. The black letter rule is that everything is income for tax purposes. If you [...]
Tags: Asia Outlook,Business,Entrepreneurs,Investing,Sports Leisure,SportsMoney,taxes,Taxes and Law,Washington,Arts and Entertainment,Games,Sports & Leisure,Sports and Liesure,Taxes & Law,Accounting,Adjusted Gross Income,Alternative Minimum Tax,AMT,Audit,Capital gain,Congress,e-file,Employment,Estate tax in the United States,FATCA,FBAR,Foreign Bank Account,Forms 1099,Gambling,Income tax,Independent contractor,Internal Revenue Service,IRS,IRS Criminal Investigation Division,IRS tax forms,Lawsuit,Offshore Accounts,Report of Foreign Bank and Financial Accounts,Robert W. Wood,Robert W. Wood (attorney),Settlement (litigation),Tax avoidance and tax evasion,Tax deduction,Tax return (United States),Tax Shelters,United States,Wood LLP

About Author

More by Jay Saadian

No more topics...

About This Topic

Category: Fun | 9 years, 3 month(s) ago

5.6k+ Reads
2 Tips
2 Votes
0 Likes
0 Saved

Contributors