Description
Defend against audits and understand the gambling tax reporting requirements for income and expenses along with the record keeping requirements.With the recent supreme court ruling on the legalization of sports betting, more individuals are participating in all aspects of wagering. This has created a myriad of problems with reporting of income from legal casinos and professional and amateur gamblers attempting to deduct losses and expenses. This topic will help individuals and their professional advisors understand the IRS reporting requirements for income and expenses along with the record keeping requirements to prepare returns and defend against audits.
Date: 2021-05-27 Start Time: End Time:
Learning Objectives