Acknowledgments

Warning-Disclaimer

Introduction

Part I THE GUIDE

1 Don't Be a "Louie the Loser"

2 Questions and Answers

3 Seven and Out for the IRS

4 The Professional Gambler

5 I Won, I Won, I Won

6 Substantiating Losses

7 Forms to the Gambler

8 Reporting Your Gambling Winnings and Losses

9 Cohan Rule

10 Preparing a Gambler's Tax Return

11 Filing an Amended Tax Return

12 What's New

Part II SELECTED ARTICLES

13 "Is It Gaming or Gambling" by Basil Nestor

14 "Gambling and Taxes" by Professor I. Nelson Rose

15 "Taxes and the Lottery" by Roy Lewis

16 "Winnings and the Tax Man" by Professor I. Nelson Rose

17 "Sweepstakes and Taxes: Paying the Piper, A.K.A. Uncle Sam" by Tom Stamatson

18 "Big Brother (the IRS) Is Watching" by Professor I. Nelson Rose

19 "Bet on It: The IRS Doesn't Get Its Cut of Gambling Winnings" by Kay Bell, Bankrate.com

20 "Supreme Court Gives Tax Break to Professional Gamblers" by Professor I. Nelson Rose

21 "Ask the Gambling Expert" by Basil Nestor

22 "How to Double Casinos' Jackpots for Free" by Professor I. Nelson Rose

23 "Hit the Big One? Here's How to Report the Winnings and Deduct the Losses" by Kay Bell, Bankrate.com

24 "Casinos As Spies for the Federal Government" by Professor I. Nelson Rose

25 "If I Win Money Gambling, Do I Have to Pay Taxes on It?" by James W. Crawford, CPA

26 "The Cruelest Tax" by Professor I. Nelson Rose

27 "A. J.'s Tax Fables-Gambling" by A. J. Cook, CPA, Attorney

Part III USEFUL INFORMATION PUBLISHED BY THE INTERNAL REVENUE SERVICE

Glossary of Gambling Terms

Appendix I. Gaming Activities by State

Appendix II. Gaming Directory by State

Appendix III. Gaming Withholding and Reporting Requirements

Appendix IV. Gaming Tax Calendar

Appendix V. Internal Revenue Service-Publication 529 Miscellaneous Deductions: Gambling Losses up to the Amount of Gambling Winnings

Appendix VI. Internal Revenue Service-Tax Topic 419: Gambling Income and Expenses

Conclusion

References and Resources

Index

About the Author