Gambling Related Topics 
CPA Practice
OCTOBER 24, 2024
The stolen funds, according to the court documents, were used to pay off his outstanding personal debts and for his own personal use, including online gambling. In total, Wills stole approximately $952,237.06 from his employer through 120 transactions, according to the court documents.
Basis 365
JUNE 10, 2025
Without this, you’re not just guessing your future, you’re gambling with it. Your runway depends on how well your forecast accounts for contract timing, pipeline strength, and delayed payments. Professional Service Firms Often, you hire before you earn. You onboard talent today to serve clients tomorrow.
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Withum
DECEMBER 5, 2024
Uncovering Embezzlement Through Browser History Analysis Background: A finance employee in a corporation created fake companies and fraudulent purchase orders to fund a lavish lifestyle, including the purchase of high-end automobiles, multiple houses, and a gambling addiction.
Basis 365
JUNE 25, 2025
You're gambling. With solid financial visibility, you’ll know: 💵 Exactly how much you’re spending (and where it’s going) 🛑 When you need to pump the brakes or raise another round 🧹 Where to cut back without hurting growth 🧭 How to sync hiring and expansion with financial reality Without this? You're guessing.
Accounting Today
JULY 10, 2025
Taylor spent some of the money on personal expenditures, including gambling expenses. Taylor also filed multiple Paycheck Protection Program loan applications for several businesses he claimed he owned and operated, claiming that these entities had earned certain amounts of gross income and that such income had been reported to the IRS.
Dent Moses
JULY 8, 2025
Wagering Losses: Limits deduction to 90% of gambling losses, only deductible up to gambling winnings starting in 2026. Moving Expenses: Permanently repealed the moving deduction, except for active-duty military personnel and certain members of the intelligence community.
CTP
MARCH 10, 2025
In reality, between the tax, penalties, and interest, the gamble can end up costing them way more. Taxpayers sometimes naively think that if a strategy doesnt work, they can just turn around and pay the original tax owed.
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