Tax Help for Gamblers by Scott, Jean -- Read -- Imperial Library of Trantor

Index

Cover Previous or Forthcoming Works Half-title page Title page Copyright page Contents

Foreword Author’s Notes Part I—Federal Taxes

1 The Basics

Gaming Wins as Income Online Gambling Defining a “Win”

2 Player Record-Keeping

IRS Guidelines for Records Defining a “Session” Casino Win/Loss Statements The Gaming Log How Jean Keeps Records Always An Exception

3 Special Gaming Situations

Casino Comps and Gifts Cashback and Free Play Casino Tournaments and Drawings Gambling Groups

4 Filing Your Tax Return

The Recreational Gambler The Professional Gambler

5 Federal Government Issues

The W-2G Income Tax Withholding Social Security Numbers Big Brother is Watching You Gambling Issues for non-U.S. Citizens

6 Tax Help for the Poker Player

Poker Reporting and record-keeping Poker Paperwork Poker Gambling Groups From Recreational to Professional Poker Player

7 Audits and other Scary

Tax Problems for the Gambler “The IRS Isn’t Fair” The 1040 Line 21 Problem Getting Information From An IRS Human Surviving an Audit The Taxpayer Advocate

Part II—State Taxes

8 States Add Insult to Injury

State Withholding Taxes Taxes on Non-Resident Gaming The Biggest Problem with State Taxation Mississippi—A Category of Its Own Any Relief from State Taxes?

9 How All 50 States Handle Gambling Wins/Losses Summary

Who’s Who in the Tax Business Useful Websites

Part III—Appendices

Government Forms

Appendix A1—Form W-2G Appendix A2—Form 1099-MISC Appendix A3—Form 5754 Appendix A4—Form W-7 Appendix A5—Form 1042-S Appendix A6—Form W-9

Sample Tax Forms

Basic IRS Information for Gamblers

Appendix C—Revenue Procedure 77-29

Section 1—Purpose Section 2—Background Section 3—Procedures Section 4—Limitations

Appendix D—Groetzinger Case Gambling as a Business

Syllabus Majority Opinion Judge White’s Dissenting Opinion

About the Authors About Huntington Press About the Book