Casino and gambling

Casino and gambling guide and advice

IRS

Gambling Income is Taxable

According to IRS section 61, “Except as otherwise provided in this subtitle, gross income means all income from whatever source derived…” This includes gambling sources of income. There are many assumptions about when to claim the winnings received from casinos….

Casino Tax Refund

A win in the lotteries, casinos, gaming tournaments, horse and dog racing, game shows, keno and other wins in the USA can make you ecstatic but usually this feeling is dampened by the IRS. Whatever you win is subject to…