Do you enjoy gambling? Many people find it enjoyable and relaxing to go to a casino and spend time at the slots or tables. A big problem we see as accountants is that most people don’t understand how the winnings…
Get the Form Whenever you win a “qualifying amount” at a casino, they are legally required to report it to the IRS. Therefore, they will collect your social security number and send you an IRS Form W-2G. As such you…
Whether you are betting for fun or you are a professional bettor making a living from sports betting, all of us would like to win all of the time. This is obviously unrealistic but, even if you can win just…
If you’re new to betting on Sporting Events on the web, you may be confused by the many bets that modern bookies and sportsbooks advertise. Amongst the most confusing to a novice gambler are Multiples. Although multiples can offer great…