If you’re in the business of gambling, you just got lucky.
You see, the Tax Court, in a new precedent-setting case, has decided that you may now deduct business expenses in excess of gambling losses! Before you head off to Vegas or Atlantic City, read my fact-filled article titled Tax Tips: New Tax Court Ruling Makes Gamblers Rejoice.
Three ways our fact-filled article can help you:
- We’ll explain why you should thank Ronald A. Mayo. He’s the fellow who took his case to Tax Court and won a victory that just might help save you big money. To find out if you’re a winner, thanks to the Tax Court, read the full article.
- We’ll tell you which deductions you can legally take. The Tax Court noted a number of expenses that gamblers in the business of gambling can deduct as non-wagering losses. Tipping, take-off fees, and other non-direct wagering expenses are fully deductible by gamblers who are in the business of gambling. Don’t roll the dice! Get the details when you read the full article.
- We’ll tell you the three key benefits of the Mayo decision. It’s worth reading my new article for this content alone. You’ll get this valuable information when you read the full article.