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.
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.
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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.
ThomsonReuters
APRIL 2, 2024
Jump to: The allegations The IRS investigation Ohtani’s response Implications for Ohtani and the Dodgers Broader impact on professional sports Uncovering the truth The Internal Revenue Service (IRS) launched an investigation into the financial scandal involving Shohei Ohtani, the star player for the Los Angeles Dodgers.
CPA Practice
FEBRUARY 9, 2024
Super Bowl LVIII kickoff time Before delving into IRS sports betting tax rules, it’s good to have the key details of the game. Allegiant Stadium in Las Vegas, Nevada Kick-off is at 6:30 pm EST on CBS How to watch the 49ers vs. Chiefs You can stream the game this year by signing in on CBS.com through your TV provider or CBS Sports apps.
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. It’s a great sports town,” Cuban said. People get excited about sports here, and it’s a good thing.” In April, $18.5
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.
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