All In Against the IRS: Every Gambler's Tax Guide

The Tax Help All Gamblers Need

Whether you gamble a little or a lot, you need to know about income taxes. Even if you lose more than you win, you could end up owing taxes to the IRS if you don’t follow the often arcane tax rules for gambling. This easy-to-read up-to-date guide explains everything you need to know, including:

• how gambling winnings are taxed
• when your winnings are reported to the IRS by casinos
• when and how much tax is withheld from gambling winnings
• how to report your winnings and document your losses
• the myths and realities of taxation of internet gambling
• completing your 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.