Gambling and Taxes: The Price of Winning (MLT1811)

  Pre Recorded Webinar
  120 minutes

Learn the Rules and Regulations to Report Gambling Winnings and Losses to the IRS

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.

Join this session with tax attorney Robert McKenzie to learn the rules and regulations for accounting for gambling winnings and losses. Robert will review the most recent cases and rulings, both "for" and "against" taxpayers. With this session, you will be able to advise your clients to correctly report their gambling winnings and losses. You will also be prepared to defend your clients against an IRS audit.

Session Highlights

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

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Robert E. McKenzie is a partner of the law firm of Saul Ewing Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the Internal Revenue Service and state agencies. He has lectured extensively on the subject of taxation. He has presented courses before tho... More info


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