Las Vegas defense attorney William “Bill” Terry, who handled some of the city’s most renowned cases during a...
According to the law, in the vast majority of states and countries, gambling winnings are fully taxable. They vary based on the amount won, and the type of game played.
There are two types of winnings- cash and non-cash. Cash winnings refer to the money scored while playing casino games, bingo, raffles, sweepstakes, poker, and so on, while non-cash winnings encompass stuff like car and voyage. So whenever you win, you need to report those winnings to the local tax collection agency, or else you risk dealing with not-so-pleasant consequences.
To make things work and to avoid any unpleasant situations, each gambler needs to be acquainted with the local rules and laws. Regulations vary from one country to another, and they are often updated.
This corner is full of handy bits of advice on what to do when you win, where to report taxes, how to properly fill in the tax forms if a professional gambler, and so on. It also features some excellent tips on how to fly safely with money, what to do in case police pulls you over on your way to or from Las Vegas (or any other place), and so on.
Las Vegas defense attorney William “Bill” Terry, who handled some of the city’s most renowned cases during a...
Professional advantage player and poker player Phil Ivey and the parent company of Atlantic City’s Borgata Hotel Casino...
I have been pulled over by the police many times in my life and blackjack career, and seem to have mastered the art of not even...
Do trespasses automatically expire after a specific period of time and have to be reissued to remain effective? Scrooge...
Let’s say a busy red chipper to low green-chip player needs a bankroll of $50k for his risk of ruin to remain acceptable....
Here’s a general, hypothetical question: Suppose a low-stakes player was to bring only about $3000 on a trip, planning to...
Preferential shuffling is not illegal per se and cannot be made illegal per se. It is, however, likely that it is illegal in...
McBain: If you have for example $50k in investment income, and $30k in declared gambling income, and no other income, can you...
Question: If pulled over by police while carrying my traveling bankroll (“BR”) and asked, “Do you have a large...
As the saying goes, 'cash is king'; in general, it's better to hold cash than to hold notes from debtors, property deeds, or...
Those traveling and gambling on cruise ships leaving from the United States with itineraries that allow disembarkation in foreign...
Casinos in Louisiana frequently hire uniformed off-duty local police officers to provide security, especially for special events...
When you tally up your gambling winnings tax forms W-2G each year - do you see that the IRS is taking away too much from your...
Over a decade ago, I wrote: 'The Nevada Gaming Control Board (and Nevada Gaming Commission) is little more than a...
Las Vegas Casinos Must Protect Patrons from Attacks in Restrooms Las Vegas is one of the most frequently visited cities...
If you can make it to the door, then do so. Get out of there as quickly as possible, without running. Urgent flight may be...
My own policy has been to pay in enough money to the Internal Revenue Service during the year to avoid any tax penalties, and...
SYLLABUS (This syllabus is not part of the opinion of the Court. It has been prepared by the Office of the Clerk for the...
