What do you like to bet on?
Poker? Craps? Roulette?
Whatever your game, Uncle Sam is waiting to take his cut when you win big.
That’s right. Your gambling income is taxable and reportable, and by law, casinos must report substantial winnings to the IRS.
Odds are you want to protect your winnings, which is why my advice is a sure thing. Don’t wait. Read my new article titled Tax Tips: The Gambler’s Tax Guide—How to Protect Your Winnings from the IRS!
Three ways our fact-filled article can help you:
- We’ll explain the three rules you need to follow. If you’re playing against Uncle Sam, you need to know the house rules. They aren’t complicated and they can help you keep your money where it belongs. In your pocket. You’ll hit the jackpot when you read the full article.
- We’ll tell you how to play the game if you’re a professional gambler. Uncle Sam will cut you some slack if you gamble professionally, but there’s a high bar to clear if you want to qualify as a pro. You’ll get the whole story when you read the full article.
- You’ll learn what amateur gamblers have to do to win. If you’re not a professional gambler, don’t put your gambling deductions on Schedule C. They have to be itemized on Schedule A. This raises a few important issues that we’ll explain fully when you read the full article.
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Gambling Reference Guide.
If you gamble, our fact-filled guide will prove invaluable. It explains vital recordkeeping requirements and provides tips designed to keep your tax bill low.
We cover everything from twenty-one, craps, and roulette, to Bingo, Keno, horse racing, lotteries, and much more! It’s all yours when you…