Reece Jr Posted April 6, 2011 Report Share Posted April 6, 2011 Back in February, I introduced myself as the author of the Lady Luck Gambling Diary and did my best to try and answer the question of the topic. Since then, I have written some additional articles that I thought forum members would enjoy and find helpful. The articles are: Taxation of the Recreational Gambler http://www.ladyluckdiary.com/taxation-of-the-recreational-gambler/ What Happens When a Gambler Recycles His Winnings? http://www.ladyluckdiary.com/what-happens-when-a-gambler-recycles-his-winnings/ Why Does the IRS Ignore Casino Win/Loss Statements? http://www.ladyluckdiary.com/why-does-the-irs-ignore-casino-winloss-statements/ I hope these articles help. I would be more than glad to answer any further questions concerning gambling that ATX Forum Members may have. Thank-you. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 6, 2011 Report Share Posted April 6, 2011 Thanks for those links. They should prove useful to me, since I'm only a couple of hours from the Tunica casinos and even some MO riverboat casinos. I may be able to send you some sales. Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted April 6, 2011 Report Share Posted April 6, 2011 Yes, I thank you as well. Great information. Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 6, 2011 Report Share Posted April 6, 2011 Nice info. Thank you for sharing. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 6, 2011 Report Share Posted April 6, 2011 I may buy a few of those to give to certain clients. Then they can buy their own after. Quote Link to comment Share on other sites More sharing options...
Reece Jr Posted April 6, 2011 Author Report Share Posted April 6, 2011 When you visit the web site, you will probably notice that the left-hand side of the menu is the "marketing" stuff. But, the LEFT-HAND SIDE OF THE MENU is the TAX RESEARCH! The Tax Research includesIRS Information (check out IRS Rev Procedure 77-29 and the IRS Chief Counsel Memorandum 2008-011)30+ Court cases that I cherry-pickedSeveral articles I have writtenA GlossaryA BibliographyLinks to all the State Tax CommissionsLinks to all the State Gaming AgenciesLinks to the various LotteriesMuch more! (Sorry, did not mean to sound like a late night infomercial!) I think it would save you a lot of time trying to gather and get up to speed on the topic. I would also mention that if you do get some to pass out to your clients, the back cover has a placed titled "Compliments of" - that way you can stamp or write your name/firm name. If you go to Amazon.com, you can see pictures of the covers. http://www.amazon.com/Lady-Luck-Gambling-Diary-Machine/dp/0982929900/ref=sr_1_2?ie=UTF8&s=books&qid=1302104661&sr=8-2 One of the main reasons I set up the web site was because of a multi-million dollar tax assessment we were working on. I needed to be able to access these resources whether I was at work, home or meeting with the IRS Appeals Officer at his office. I would also recommend using DropBox! We scanned 2,000+ pages into the PDF file format. Then, when we met with the IRS Appeals Officer we did not have to carry a bunch of boxes with us. It was great! I made the offer in February - and would be glad to do it again, for a limited time while supplies last, etc - if you will fax your name and mailing address on your letterhead to me, Reece B. Morrel, Jr., @ 918-663-1383, I would be glad to mail a Lady Luck Gambling Diary to you free of charge. Thank-you. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted April 6, 2011 Report Share Posted April 6, 2011 I agree, it was the research links that really impressed me. Having it all on one site made it a sure 'bookmark' for me. But just as I have, over the years, often given certain clients a 'Mileage Log' booklet to get them started on proper record-keeping, I am thinking about giving a few clients a Gambler's Diary. Thankfully, not too many of my clients go often enough for it to be an issue, but there are a few....... Quote Link to comment Share on other sites More sharing options...
NECPA in NEBRASKA Posted April 6, 2011 Report Share Posted April 6, 2011 Thanks for the great information. Quote Link to comment Share on other sites More sharing options...
Pacun Posted April 7, 2011 Report Share Posted April 7, 2011 Reece Jr. Thank you for your call. The pdf you emailed is great. Thank you again. Quote Link to comment Share on other sites More sharing options...
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