CPA Practice

JULY 2, 2025

A Nevada lawmaker and a downtown Las Vegas casino owner are among those united in opposition to a provision in the proposed federal budget bill that would limit declarable losses for gamblers.

Nevada 59

Nevada Tax Gambling tax planning 59

CPA Practice

JULY 10, 2025

Nevada Democratic Sen. Catherine Cortez Masto sought to reverse the cut in losses deduction that was included in the One Big Beautiful Bill Act, but she ran into objections from some Republicans.

Gambling 90

Gambling Nevada Tax tax planning 90

RogerRossmeisl

NOVEMBER 8, 2023

If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! Winning at gambling For tax purposes, it doesn’t matter if you win at the casino, a bingo hall or elsewhere. appeared first on Roger Rossmeisl, CPA. After you celebrate, be aware that there are tax consequences attached to your good fortune.

Gambling 242

Gambling Tax tax return CPA 242

CPA Practice

JULY 14, 2025

Dina Titus is expanding the coalition opposing a last-second provision added to President Donald Trump's "big, beautiful bill" capping how much can be deducted from gambling winnings to 90% of losses. Las Vegas Democratic Rep.

Gambling 83

Gambling Tax tax planning 83

RogerRossmeisl

FEBRUARY 3, 2021

Sometimes coercion by a third party or the need to pay gambling or addiction-related debts comes into play. The post Prevent and Detect Insider Cyberattacks appeared first on Roger Rossmeisl, CPA. They could be working for a competitor or seeking revenge for perceived wrongs. Although there are no guarantees that you’ll be.

Gambling 227

Gambling CPA 227

CPA Practice

JANUARY 10, 2024

The legalization of sports betting and online gambling has led to an explosion in gaming across America. With millions trying their luck, complex tax rules for reporting and deducting gambling winnings and losses present new challenges for taxpayers. Gambling losses can be deducted above the line as business expenses.

Gambling 80

Gambling Tax Account accounted 80

RogerRossmeisl

OCTOBER 1, 2021

Studies have found that more people are engaging in online gambling and sports betting since the pandemic began. And there are still more traditional ways to gamble and play the lottery. The post The Tax Score of Winning appeared first on Roger Rossmeisl, CPA. You must separately keep.

Gambling 130

Gambling Tax Sports tax return 130

Going Concern

AUGUST 26, 2022

CPAs spill the beans [ CPA Canada ] Three accountants share their experience being back at the office. Baker Tilly Acquires Consulting Firm Management Partners [ CPA Practice Advisor ] The national advisory and CPA firm Baker Tilly US, LLP (Baker Tilly) will acquire Management Partners, effective Oct. Firm M&A.

CPA 98

CPA cpas audit cpa firm 98

CPA Practice

MARCH 26, 2024

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. That’s when Mizuhara admitted he had a gambling addiction.

Gambling 69

Gambling Sports California Gaming 69

CPA Practice

MARCH 22, 2024

The IRS is investigating the recently fired interpreter for Los Angeles Dodgers star Shohei Ohtani after he was implicated in a scandal involving illegal sports gambling and significant financial theft from his longtime friend. That’s when Mizuhara admitted he had a gambling addiction.

Gambling 69

Gambling Sports California Gaming 69

CPA Practice

JUNE 15, 2023

Taxpayers can claim a limited deduction for gambling losses, but the IRS keeps close tabs on these write-offs. Gambling losses are deductible only up to the amount of you winnings for the year. Casinos and other gambling payors report earnings on Form W2-G if you win $1,200 or more from your bets. Report all your winnings.

Gambling 52

Gambling Tax Nevada audit 52

ThomsonReuters

APRIL 2, 2024

The probe centers around Ohtani’s former interpreter, Ippei Mizuhara, who has been accused of illegal sports gambling and significant financial theft. It was revealed that Mizuhara had accumulated substantial gambling debts, which were allegedly covered by wire transfers totaling at least $4.5

Gambling 105

Gambling Sports Legal Gaming 105

Withum

AUGUST 2, 2024

According to a federal indictment and a guilty plea, Ippei Mizuhara, Shohei Ohtani’s interpreter, unlawfully transferred more than $16 million from Ohtani’s bank account at a bank in Arizona to pay his gambling debts to an illegal bookmaking operation. During the account setup, Mizuhara translated for Ohtani.

Gambling 105

Gambling Arizona accounting and finance bookkeeping 105

CPA Practice

NOVEMBER 7, 2023

(via TNS) A Texas Rangers World Series win and hot start to the Dallas Mavericks season would look a lot sweeter to Mark Cuban if Dallas-Fort Worth had one thing: resort-style gambling.

Gambling 52

Gambling Texas Sports Gaming 52

Going Concern

SEPTEMBER 25, 2023

TPB slaps 5-year ban on accountant involved in $26m fraud [ Accountants Daily ] The Tax Practitioners Board has slapped a five-year ban on a Sydney accountant charged with stealing $26 million through his firm to fund a lavish lifestyle and gambling addiction. Therefore, there were no controls that could be evaluated.”

tax preparation 105

tax preparation Gambling Account accounted 105

Going Concern

MARCH 17, 2023

Restoring Exam credits expired during COVID would help address CPA shortage [ AICPA ] The accounting profession is confronted with a talent shortage, and reinstating CPA exam credits that have expired since January 1, 2020, could have an immediate impact on our CPA pipeline.

Government 97

Government Gambling CPA audit 97

CPA Practice

OCTOBER 25, 2023

He spent $110,000 on personal expenses and $502,000 on gambling, according to the IRS. This person also falsified millions of dollars of expenses for luxury vehicles, artwork, country club memberships, and homes for his children. Another person recently pled guilty to filing false tax returns and skimming more than $670,000 from his business.

Tax 131

Tax tax return Gambling Construction 131

Anders CPA

MAY 24, 2022

The post Missouri Bill Reintroduces R&D Tax Credit and Changes to State and Local Tax Treatment and MO Works Program appeared first on Anders CPA. To discuss how we can best assist you and the associated fees, contact an Anders advisor below. CONTACT ANDERS.

Missouri 98

Missouri Tax income tax Gambling 98

CPA Practice

JUNE 4, 2024

Brown, CPA 2023 Most Powerful Women in Accounting Founder & CEO Everyday Lead What is your favorite part of being a member of the accounting profession? Heal the Workplace The Burnout Gamble Subtle Acts of Exlusion - Jeannine K.

CPA 52

CPA Account accounted accountant 52

CPA Practice

MARCH 30, 2023

Roughly 4% say they supplement their income with returns on betting or gambling. Other respondents — especially the more affluent — are taking informal jobs on mobile apps like TaskRabbit, or receiving passive incomes from investments or rents.

Gambling 122

Gambling Tax payroll 122

CPA Practice

APRIL 12, 2024

(TNS) Baseball superstar Shohei Ohtani’s former interpreter has been charged with stealing more than $16 million from Ohtani’s bank account to pay the translator’s illegal gambling debts, federal authorities announced Thursday, April 11. Estrada said winnings from Mizuhara’s gambling ventures went straight to his account, not Ohtani’s.

Gambling 69

Gambling Gaming Arizona Sports 69

CPA Practice

OCTOBER 25, 2024

Hosts Brian Tankersley, CPA, and Randy Johnston review Liscio , a client experience platform that centralizes communication, document collection, and task management for accounting firms. Or do you have gambling income? They say yes to gambling income. It’s a it’s always good for me because I learned something new.

Technology 115

Technology Account accounted accountant 115

CPA Practice

SEPTEMBER 26, 2024

Using cash withdrawn from these accounts for personal gambling activities and receiving taxable income from those activities. Commingling more than $230,000 in fees and other income into the attorney trust accounts. Withdrawing cash from the attorney trust accounts that he used to pay personal and business expenses.

Missouri 105

Missouri Tax income tax tax return 105

CPA Practice

SEPTEMBER 9, 2024

5, the IRS Criminal Investigation unit reminded taxpayers that illegal sports gambling can result in criminal charges ranging from money laundering to tax evasion. Between fiscal years 2020 and June 2024, IRS-CI initiated 151 investigations into illegal gambling activity totaling more than $178.8 million on last year’s Super Bowl.

Sports 52

Sports Gambling tax return Gaming 52

CPA Practice

AUGUST 14, 2024

These states all taxed the gambling revenue that DraftKings collects at higher than 20%. Gambling problem? In a statement posted online and sent to media, DraftKings said it had listened to customers and “after hearing their feedback we have decided not to move forward with the gaming tax surcharge.” 21+ and present in Ohio.

Gambling 52

Gambling Sports Ohio Illinois 52

CPA Practice

JUNE 5, 2024

With that, MLB announced that its investigation of Ohtani’s involvement in Mizuhara’s gambling has concluded and Ohtani has been cleared of any wrongdoing. MIzuhara’s gambling addiction first came to light in March when he admitted to a gambling addiction and told ESPN reporters that Ohtani had agreed to help him pay off his debts.

Gambling 52

Gambling Tax Sports Gaming 52

CPA Practice

MAY 8, 2024

By Connor Sheets, Los Angeles Times (TNS) Ippei Mizuhara, the former interpreter for Dodgers superstar Shohei Ohtani, has agreed to plead guilty in federal court to stealing millions of dollars from Ohtani to cover gambling debts, according to the U.S. Department of Justice. The extent of this defendant’s deception and theft is massive,” U.S.

Gambling 52

Gambling Sports tax return Tax 52

CPA Practice

MARCH 8, 2024

Don’t think that the suspension of the miscellaneous expense deduction applies to gambling losses. Under current law, you can still write off your documented gambling losses up to the amount of your winnings. But gambling losses are deductible only if you itemize.

Gambling 52

Gambling Tax 52

Going Concern

FEBRUARY 9, 2024

Birthdays A CPA Firm Celebrates a Century in Business [ The CPA Journal ] In today’s climate of accounting firm mergers, it is worth recognizing when a CPA firm has managed to remain independent and partner-owned for 100 years. Tax Betting on the Super Bowl? “Win big?

Technology 104

Technology Colorado audit cpa firm 104

CPA Practice

MAY 2, 2024

million over a three-month period last year to support a gambling habit. Lawrence Malachefski, no age given, of Wilkes-Barre, PA, was accused of stealing from the undisclosed company to support his online gambling habit on websites including FanDuel, Barstool Sports, DraftKings and Unibet.

Gambling 52

Gambling Account accounted accountant 52

Going Concern

JANUARY 19, 2024

ICYMI | Get Ready for the Future of Auditing [ CPA Journal ] The increasing use of technology is changing how businesses operate, which methodology and technology auditors use, and what career paths they follow. As technology has evolved, the risks associated with data security have also become more prevalent.

Arizona 104

Arizona accounting and finance Technology audit 104

CPA Practice

MAY 28, 2024

The IRS wants its share of the jackpot a player wins and, to assure that, requires casinos to issue a W2G, a special tax form that also informs the IRS of gambling wins that must be included when calculating annual income at tax time. Issuing W2Gs But rules are rules. Werfel heard testimony about changing the threshold Nov.

Nevada 91

Nevada Gambling Gaming Transportation 91

Going Concern

AUGUST 12, 2024

Ortiz spent years there auditing and studying for her CPA exam. Through ALPFA, Ortiz networked with professionals from the Big Four accounting firms — Deloitte, EY, KPMG and PwC — which gave her a crucial “kickstart.” By her junior year, Ortiz connected with a recruiter who secured her a two-year internship at Deloitte.

Tax 59

Tax Account accounted accountant 59

Going Concern

NOVEMBER 14, 2022

accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling enclave of Macau, where several U.S.-listed Got a test tip for all you high-strung, Type A CPA exam candidates out there. A recent agreement between Washington and China allowing U.S.

Account 59

Account accounted accountant auditor 59

Going Concern

FEBRUARY 12, 2024

Someone you know spoke to NPR’s Marketplace for this story: Some accountants are turning away new customers this tax season Tax filing season is here and if you’ve been putting off finding a CPA, good luck. We get calls all the time saying, ‘Hey, my CPA just retired. And we don’t,” said Jenni Merrell, a CPA in Chico, California.

auditor 72

auditor Account accounted accountant 72

CPA Practice

MAY 3, 2023

Before law school, Danielle was an accountant at Procter & Gamble. During her tenure there, she was the principal legal adviser to the Assistant Secretary of Tax Policy and other Treasury officials. Danielle is a graduate of Harvard Law School where she was editor of the Harvard Law Review.

Washington 78

Washington Gambling public accounting Technology 78

SkagitCountyTaxServices

FEBRUARY 4, 2021

Warmly, Steve Padgett (360) 424-1040 Padgett & Padgett, PLLC CPA. The post A Checklist For Skagit County Business Owners’ For 2020 Personal Income Taxes appeared first on Padgett & Padgett, PLLC CPA's. Use this: 360-424-1040. I’m grateful for our partnership, and for your referrals, ~Contact.FirstName~.

income tax 57

income tax Tax Real Estate tax return 57