"Tax Help for the Frugal Gambler"
by Jean Scott and Marissa Chien, EA
This book covers all the subjects that face gamblers when they
think about their tax situation: What about those W2G's when you hit a
big jackpot? What gambling records do you need to keep? What is a
gaming diary? Are you paying more taxes on your gambling wins than you
This books gives a multitude of details that will make taxes a little
less taxing for both the casual recreational gambler as well as the
gambling professional. Sample filled-out tax forms and IRS regulations
are included in the Appendix.
Here is a brief summary of the table of contents...
How this book started out as a chapter for "More Frugal Gambling"
and expanded into a book of its own - and how Marissa, Jean Scott's tax preparer/financial
advisor, and a qualified Enrolled Agent and gambler herself, came on
board to add more help on those complex tax issues gamblers face.
Part I - Federal Taxes
CHAPTER 1 - Introduction - Why You Need Good
CHAPTER 2 - The Basics
- Gambling Wins as Income
- The Gambling Session
- Player Record-Keeping - the Gaming Diary (samples included)
- Casino Record-Keeping - Win/Loss Statements
CHAPTER 3 - Special Circumstances
- Casino Comps and Gifts
- Casino Tournaments
- Casino Drawings
- Live Poker Play
CHAPTER 4 - Filing Your Tax Return
- The Recreational Gambler
- The Professional Gambler
- Gambling Groups
CHAPTER 5 - Government Issues
- The W2-G
- Other Government Records
- Withholding Rules
Part II - State Taxes, Including a
Chart with Information for all 50 States
WHO'S WHO IN THE TAX BUSINESS
INTERNET WEB SITES
APPENDIX - Contains government regulations, court cases, and
sample filled-out tax returns for various kinds of filers.
Jean Scott personally autographs all books sold
through this web site. When you order, you can enter the name(s)
to whom you would like this autograph addressed.