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The 2025 tax year will see a number of implementation changes for owners of digital assets. First, certain brokerages and exchanges will be
Earlier this week, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the requirements
The summer offers both taxpayers and tax professionals an opportunity to revisit their tax situation. In the last part of the ongoing series
The push to increase the W-2G threshold for slot machines has seemingly become an annual occurrence. The legislation introduced last year
If you are working with a tax professional, the summer is a good time to connect for mid-year tax planning. Most tax professionals experience
After reviewing public comment, the IRS issued final regulations regarding the reporting requirements for brokers
Whether you are filing as a professional or recreational gambler, you must keep record of your play.
When it comes to your tax situation, it’s important to establish a baseline. The summer is the perfect time to evaluate potential current
The Tax Cuts and Jobs Act of 2017 (TCJA) made significant changes to the tax code that reduced individual and corporate tax rates
If you live in Pennsylvania, you are probably familiar with the growing trend of “skill games”. These slot machine-esque offerings
If you believe your personal information may have been breached during the MGM or Caesars cybersecurity attack, it is important to assess
Card Player published an article about the Playboy Casino in New Jersey. As of last year, players can no longer cash chips bearing the Playboy casino name.
The IRS will begin accepting individual tax returns on January 29th. If you are looking to file your return as early as possible, there are a few things to remember:
Now that the end of the year has passed it’s important to focus on the upcoming tax deadlines.
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.
I was invited by Gina Fiore from Unabated to discuss the tax implications of filing as a recreational sports bettor.
The IRS announced that the proposed $600 threshold for 1099-Ks will not be implemented in 2023.
The IRS allows an income tax deduction for charitable contributions to qualified organizations. You must itemize to take advantage of the deduction
At the end of 2022, the IRS announced it was delaying the implementation of the new 1099-K reporting requirement.
Kraken announced, in order to comply with a court order, the exchange will provide information directly to the IRS surrounding certain users and transactions.
Beginning in 2024, entities that are formed or registered to do business in the U.S. must comply with the Corporate Transparency Act (CTA).
As September and October roll around, my focus turns to the upcoming tax filing deadlines. But, for gamblers, this time of year usually means one thing.
The last few months have seen multiple threats to taxpayer’s personal data. First, Congress announced that H&R Block, TaxAct and TaxSlayer shared sensitive
We are almost a month away from the October 16th extension deadline. While this is mostly acknowledged as the extended
A congressional report released earlier this summer confirmed H&R Block, TaxAct and TaxSlayer shared sensitive taxpayer data with Meta and Google.
Today marks the first day of the EPT Barcelona poker series. Although the tournament is poised to see record numbers
The legality of online pick’em sites (such as PrizePicks and Underdog) is back in the news this week.
As the WSOP comes to a close, two poker players ended up losing money in an unexpected fashion
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.
The Powerball jackpot will be over $1 billion when drawn later today. This is the 5th time in the last two years that a lottery jackpot has grown