Year-End Tax Tips for Gamblers
As the end of the year approaches, it is important to revisit your 2023 gambling activity and determine if there are any additional tax strategies available to reduce your tax liability.
Spain’s New Stance on Poker Tax
Today marks the first day of the EPT Barcelona poker series. Although the tournament is poised to see record numbers
Are a Poker Player’s Bad Debts a Tax Deduction?
As the WSOP comes to a close, two poker players ended up losing money in an unexpected fashion
Are a Poker Player’s Missing Lockbox Funds a Tax Deduction?
As the WSOP comes to a close, two poker players ended up losing money in an unexpected fashion. We will focus on the first of those players today.
IRS v. “Professional” Video Poker Players
The U.S. Tax Court recently released a ruling against a Nevada couple, claiming the substantiation they provided was insufficient to deem
2023 World Series of Poker
The 2023 WSOP kicks off today with the Casino Employees event. You may be heading to Vegas for the Mystery Millions event
Kentucky Legalizes Sports Betting; New Hampshire Ends iGaming Hopes for 2023
Earlier in the year I outlined the 2023 outlook for the legalization of sports betting. Kentucky proved to be the first state from the list to take action
2023 Sports Betting Expansion Outlook
Numerous states launched regulated sports betting in 2022, including states not favorable to gamblers (yes, we are talking about Ohio). The sports betting industry
Tax Forms to Expect from Online Gambling
If you gambled online, you may have been fortunate enough to win enough to trigger a reporting requirement. While some online gaming operators
Canadian Gambler Sentenced After Falsifying U.S. Gambling Losses
William Woo, a Toronto resident, frequented the U.S. from 2006-2010. During his time visiting, he actively gambled at casinos near the border. Whenever he
Poker Account Theft
The poker community has had its share of scandals this year, and now faces another, as players have to be wary of fraudulent activity. It was reported that a