Massachusetts ‘GAMING’ Future
How is it that everyone seems to know that ‘GAMING’ is a ‘SCAM,’ but yet our lawmakers sanction it?
Pittsburgh Tribune - March 2, 2014 - Remember that big slot jackpot? You can bet the IRS does...
While no one outside the IRS knows exactly what triggers an audit, Gerson says gambling wins of a few thousand dollars are unlikely to be a flag, even for those who claim a deduction for gambling losses.
“Frankly, I think the IRS doesn't bother with this because they know almost everybody loses,” he says. “It's not the same scrutiny as someone who's self-employed and claiming big entertainment expenses for clients. They understand the nature of what's going on out there for the average gambler who's in a casino or who's playing lottery tickets: Most people are losing.”
Read more: http://triblive.com/aande/gambling/5640100-74/gambling-says-percent#ixzz2vHvtgLcS
How is it that everyone seems to know that ‘GAMING’ is a ‘SCAM,’ but yet our lawmakers sanction it?
Pittsburgh Tribune - March 2, 2014 - Remember that big slot jackpot? You can bet the IRS does...
While no one outside the IRS knows exactly what triggers an audit, Gerson says gambling wins of a few thousand dollars are unlikely to be a flag, even for those who claim a deduction for gambling losses.
“Frankly, I think the IRS doesn't bother with this because they know almost everybody loses,” he says. “It's not the same scrutiny as someone who's self-employed and claiming big entertainment expenses for clients. They understand the nature of what's going on out there for the average gambler who's in a casino or who's playing lottery tickets: Most people are losing.”
Read more: http://triblive.com/aande/gambling/5640100-74/gambling-says-percent#ixzz2vHvtgLcS
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