Gambling Tax

With casino expansion and the widespread adoption of sports betting, gambling is more prevalent than ever. Sports betting, slot machines and table games are available at the swipe of your finger. This increased access to gambling makes it critical to understand the tax ramifications of your play. We help players across the country with their gambling tax needs to ensure their tax return reflects all winnings properly, while taking advantage of any available deductions.

Gambling Tax is Often Misunderstood

Gamblers need to work with someone who not only specializes in gambling tax regulations, but also understands the lifestyle. We understand gamblers because we are gamblers. Located in Las Vegas, we have been helping recreational and professional gamblers for the last 10 years and are well-versed in the tax (and practical) issues that may arise because of your play.

We can help you:

• Determine sessions by game type

• Document your winnings and losses

• Plan for your potential tax burden

We are always available to offer our guidance in tax matters. If you win a jackpot in July, give us a call! It is important to understand the tax ramifications of the win as soon as possible. The Tax Code is unfavorable to gamblers. We can explain everything needed to file correctly, while minimizing your tax burden. We can also work with you to plan around the newfound winnings.

Gambling Tax CPA

Whether you are a professional or recreational gambler, let us help guide you through the tax preparation process. We know players often don’t have an advantage against the house, but our complete knowledge working with WSOP taxes is +EV.