Most states now have some form of legalized gambling. Even in states without legalized gambling, there are internet gamblers, those who travel to gambling venues and those who engage in illegal gambling. As a result, more and more people have gambling winnings or losses. Unfortunately, not all taxpayers maintain adequate records of wins and losses and many become subject to IRS audits. Learn the rules and regulations for accounting for gambling winnings and losses. We will review the most recent cases and rulings, both
for' and against’ taxpayers.
Inclusion of Gambling Income in Gross Income. Lottery and Raffle Winnings. Business of Gambling. Deducting Losses. Responsible Gaming Officials. Online Poker Accounts. Form W-2G. Casino Employee Tip Reporting. GITCA.
CPAs, financial professionals, enrolled agents and attorneys.
Casino reporting requirements. Taxpayer record keeping requirements. Reporting rules for gambling winnings and losses. Recent cases and rulings. Effectively defending an IRS gambling examination. Learn proper reporting of gambling income. Effectively defend your client during an audit of gambling income. Know the tax rules for casino employees.
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Robert McKenzie Esq., Western CPE
Robert (Bob) E. McKenzie, EA, Esq., is a partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the IRS and state tax agencies. He has lectured extensively on the subject of taxation and has made numerous media appearances, including on Dateline NBC and ABC World News Tonight.
Bob has been elected to the American College of Tax Counsel where he serves as secretary/treasurer of its board of regents. Prior to entering private practice, he was employed by the IRS Collection Division in Chicago, Illinois. From 2009–2011, Bob served as a member of the IRS Advisory Council (IRSAC), a group appointed by the IRS Commissioner.
Bob is the author of Representation Before the Collection Division of the IRS as well as the coauthor of Representing the Audited Taxpayer Before the IRS and Representation Before the United States Tax Court.
Non-Member Price $113.00
Member Price $98.00