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.
Tax for Recreational Sports Bettors
I was invited by Gina Fiore from Unabated to discuss the tax implications of filing as a recreational sports bettor.
IRS Clarifies 1099-K Threshold for 2023 & 2024
The IRS announced that the proposed $600 threshold for 1099-Ks will not be implemented in 2023.
Vermont & North Carolina Legalize Sports Betting
As of the first week of June, North Carolina and Vermont became the 37th and 38th states to legalize sports betting.
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
Ohio Launches Sports Betting; Taxes Loom
On New Year's Day, Ohio finally launched online sports betting. Multiple operators throughout the state began accepting legal sports bets, which drew betters from
Draftkings vs. IRS - Daily Fantasy Sports Tax
Draftkings announced the IRS is still conducting an audit surrounding its status as a Daily Fantasy Sports (DFS) operator. The IRS believes DFS is a gambling