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Now fully revised and updated to reflect changes in tax law since it was first published in 2007, this book deals with the innumerable nuances and grey 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, and audits and other tax problems. Numerous charts and forms help you see the practical application of the information. The book is for recreational and professional gamblers, including low and high rollers, table-game and machine players, video poker and live poker players, online enthusiasts, international and cruise ship players, and people who live or gamble in states with income taxes. Whether you are a do-it-yourself tax filer or you use a tax professional, this is an indispensable guide to staying square with the taxman.
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