Description
Book Synopsis: Completely updated for 2014-2015, this easy-to-read up-to-date guide explains everything gamblers need to know about taxes, including: How gambling winnings are taxed; When winnings are reported to the IRS by casinos; When and how much tax is withheld from gambling winnings; How to report winnings and document losses; The myths and realities of taxation of internet gambling; Completing a tax return when you have gambling winnings; State income taxes on gambling; and How to qualify as a professional gambler. The information in this book applies to all forms of gambling, including: slots, blackjack, craps, roulette, internet poker, poker tournaments, horce racing, keno, lotteries, bingo, raffles, sweepstakes, and sports betting.
Details
Are you tired of playing the high-stakes game with the IRS? Introducing the All In Against the IRS: Every Gambler's Tax Guide: Second Edition Book! This comprehensive guide, updated for 2014-2015, is your ultimate resource to navigate the complex world of gambling taxes.
With our easy-to-read format and up-to-date information, you'll learn everything you need to know about how gambling winnings are taxed. No more confusion or uncertainty - understand when and how much tax is withheld from your winnings and how to report them accurately on your tax return.
Don't fall for the myths and rumors about taxation of internet gambling. Our guide sets the record straight on this and much more. Whether you're a slot machine enthusiast, a skilled poker player, or a seasoned sports bettor, this book covers all forms of gambling, ensuring you have the knowledge to comply with the IRS regulations.
But our guide doesn't stop there - it goes beyond federal taxes to provide crucial insights into state income taxes on gambling. Know your responsibilities, be prepared, and avoid unnecessary penalties.
Ready to take control of your gambling taxes? Don't roll the dice - invest in the All In Against the IRS: Every Gambler's Tax Guide: Second Edition Book and gain the confidence and knowledge you need to stay compliant. Don't wait any longer, get your copy now!
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