Tax Help For Gamblers

This book deals with the innumerable nuances and grey areas of gambling and taxes. It covers all the why's and wherefores of this complex subject, including tax-code specifics, record-keeping, filing your tax return, state-tax considerations, audits and other tax problems-often citing relevant court cases to help you come to the proper conclusions. Numerous charts and forms help you see the practical application of the information. The book is for recreational and professional gamblers, including low and high rollers, machine and table-game players, and video poker, live poker, online, international, and cruise ship players.

Want a sure bet to increase your winnings or take some of the sting out of a losing streak? Just as smart gamblers know how to sweeten the odds in their favor, the proven financial strategies discussed in this important and easy-to-follow book can increase anyone's chances of a better bottom line at tax time. Walter L. Lewis is a Certified Public Accountant with years of experience successfully navigating the confusing jumble of IRS tax laws, and his simple, step-by-step guide is designed to help every gambler minimize the tax penalties of both winning and losing. This advice isn't just for players of blackjack, craps, and other casino games; the information is equally valuable for anyone betting on the ponies, bingo -- even sweepstakes and lotteries. And remember, even if you've lost money, the tax implications can be serious. So make the smart bet ... get the facts and be a winner at tax time! Book jacket.

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.

An easy-to-read guide that 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 your losses the myths and realities of taxation of internet gambling completing a tax return for 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, nternet poker, poker tournaments, horce racing, keno, lotteries, bingo, raffles, sweepstakes, and sports betting.

Based on the spiritual foundations of Twelve Step programs, these daily readings—part of Hazelden’s meditation series—offer inspiration, affirmation, and hope to those of us in recovery from addiction. Drawing upon insightful phrases often overheard in the rooms of recovery, the daily reflections and prayers in this collection are intended to offer comfort and guiding reminders to those recovering from alcoholism, drug addiction, substance use disorders, process addictions, or other compulsive behaviors. Recovery is a process that happens a day at a time, and this daily reader will support your journey.

DON'T GAMBLE WITH THE IRS Gambling Is My Business was written for men and women who are, or want to be, professional gamblers. It will show you how to track gambling income, explains what gamblers can and cannot deduct, and teaches you how to document gambling activities in a manner that will survive an IRS audit. A couple of winning pots taken home from card games with friends, or casual evenings at the casino, does not make you a professional gambler. A professional gambler is operating a business, not just out to win a game or two. And, in an audit, the professional gambler will most likely be asked to prove that their gambling activities qualify as a business. Tracking wins, losses, and expenses on gambling is the same whether you're reporting hobby or business income. It must be done according to IRS rules if you expect to survive a tax audit, and both professional and hobby gamblers will benefit from using this organizer to keep proper records. Maintain this organizer regularly and you should be done in less than 20 minutes each month, and when tax time rolls around it will take you less than an hour to get ready for your tax professional. All of the forms necessary for recordkeeping, as well as preparing annual income and expense figures for tax preparation, and documenting your time spent as a gambler are included. This system requires no special math or bookkeeping skill; the professional gambler simply posts all records into this organizer, which can then be used by his or her tax preparer to produce an audit-proof return.

READ THIS BOOK AND BECOME A HAPPY NONGAMBLER FOR THE REST OF YOUR LIFE Allen Carr's Easyway is a global phenomenon. It has helped millions of smokers from all over the world, and has also been successfully applied to a wide range of other issues, including drinking, overeating, and overspending. Here the method addresses the fastest growing social problem of modern times: gambling. Allen Carr explains how gamblers fall into the trap and why they keep gambling despite knowing that it's ruining their lives. By explaining the nature of the trap, he removes the desire to gamble and the fears that keep you hooked. Most important of all, you will not feel that you've made a sacrifice, you will not miss gambling, and you will enjoy life to the full without feeling in any way deprived. What people say about Allen Carr's Easyway method: "The Allen Carr program was nothing short of a miracle." Anjelica Huston "It was such a revelation that instantly I was freed from my addiction." Sir Anthony Hopkins "His skill is in removing the psychological dependence." The Sunday Times

"This book will give you all the necessary information regarding problem gambling, compulsive gambling, online gambling, gambling and gambler's addictions, its symptoms, and how to practically treat it in order to overcome it, whether it be through medication, self-management, interventions, financial actions, rehabilitation programs and more! This book will also give you a great insight into the psychology of gambling and your brain on gambling. This book will teach you and your family how to practically overcome a gambling addiction starting right away if you follow the steps outlined in this book. You will gain knowledge about the addiction itself and how to treat it - regardless of the type of gambling - casino, poker, black jack, roulette, sports betting, betting, dice games, online gambling, gambling games, betting games, investment gambling and more."--Amazon.