Description
Book Synopsis: Everything You Need to Know About Gambling and Taxes
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, including changes implemented in the Tax Cuts and Jobs Act of 2017. It covers all the whys and wherefores of this complex subject, such as tax-code specifics, record-keeping, filing your tax return, state-tax considerations, audits, and other tax problems—often citing relevant court cases to serve as a foundation for your conclusions. Numerous charts and forms help you with the practical application of the information. This book is for recreational and professional gamblers, low and high rollers, and machine and table-game players. It's applicable to casino, online, international, and cruise-ship gambling; video poker; live poker; and daily fantasy sports. Do you know the answers to these questions: When must you show official ID in a casino? When must you show your Social Security card in a casino? How should you report the W-2Gs and 1099s a casino issues you? Do you need a gambling diary if you have win/loss statements from all the casinos where you've played? Are you safe from an IRS audit if you've received no paperwork from a casino? Must you account for gambling wins on your tax return if you're a net loser for the year? Can you get a refund for taxes withheld from a jackpot hit in a state in which you aren't a resident? If you don't know, you should. And you will by the time you're finished with Tax Help for Gamblers, now in its fourth edition. Whether you're a do-it-yourself tax filer or you use a tax professional, Tax Help for Gamblers is an indispensable guide to staying on the right side of the taxman.
Details
Are you tired of feeling confused about the tax implications of your gambling wins and losses? Look no further than Tax Help for Gamblers! Our comprehensive guide unravels the intricate web of gambling and taxes, providing clarity on record-keeping, filing tax returns, state-tax considerations, and more. With the recent changes in the Tax Cuts and Jobs Act of 2017, staying informed is crucial. Let us guide you through the complexities and uncertainties with practical advice and real-world examples.
Whether you're a casual player hitting the slots on weekends or a high-stakes gambler betting big at the poker tables, Tax Help for Gamblers caters to gamblers of all levels. Our book covers a wide range of gambling activities, including casino games, online gambling, live poker, and daily fantasy sports. Armed with expert knowledge and detailed charts and forms, you'll be equipped to navigate the tax landscape with confidence and peace of mind.
Don't let questions like when to show official ID at a casino or how to report W-2Gs and 1099s keep you up at night. Tax Help for Gamblers addresses these common queries and many more, ensuring you're well-prepared to handle tax issues related to your gambling activities. Whether you choose to file your taxes independently or seek professional assistance, our book is an indispensable tool for anyone looking to avoid tax pitfalls and maximize their returns.
Ready to take control of your gambling taxes and secure your financial future? Dive into Tax Help for Gamblers and arm yourself with the knowledge you need to handle your tax obligations like a pro. Don't let the IRS's ambiguity and contradictions leave you scratching your head—empower yourself with the insights and strategies found in our fourth edition book. Get your copy today and step into a world of tax clarity and peace of mind!
Discover More Best Sellers in Taxation
Shop Taxation
An Anatomy of Tax Havens: Europe, the Caribbean and the United States of America
$43.99
Taxation - An Anatomy of Tax Havens: Europe, the Caribbean and the United States of America
Taxation and Regulation of the Financial Sector (CESifo Seminar)
$8.55
Taxation - Taxation and Regulation of the Financial Sector (CESifo Seminar)
$0.99
Taxation - Dropshipping: The Ultimate Millionaire Dropshipping Beginners Guide: Blueprint to Six Figure E Commerce Passive Income (Make Money Online with Shopify, ... FBA) (HOW TO MAKE MONEY ONLINE Book 1)
$22.95
Taxation - 475 Tax Deductions for All Small Businesses, Home Businesses, and Self-Employed Individuals: Professionals, Contractors, Consultants, Stores & Shops, ... for Businesses and Self-Employed Individuals)
Your Money or Your Life: Why We Must Abolish the Income Tax (Expanded Ebook Edition)
$2.99
Taxation - Your Money or Your Life: Why We Must Abolish the Income Tax (Expanded Ebook Edition)
$7.99
Taxation - 6 Column Ledger Book: Accounting Ledger Book for Bookkeeping, 6 Column Ledger, Columnar Pad Journal Notebook / income and Expense Log Book for Small Business and Personal Finance.
Daily Time Sheet Log Book: Employee Time Log | Work Time Record Book | In and Out Sheet
$7.89
Taxation - Daily Time Sheet Log Book: Employee Time Log | Work Time Record Book | In and Out Sheet
3 Column Ledger Book: Simple Numbered Ledger for Accounting and Bookkeeping
$5.97
Taxation - 3 Column Ledger Book: Simple Numbered Ledger for Accounting and Bookkeeping
Milage Log book: Record Business/Personal Travel
$5.99
Taxation - Milage Log book: Record Business/Personal Travel
