Gambling Tax

It is easier than ever to make a wager in a casino, on your phone, or online. However, these transactions may have unintended federal and state tax consequences. We have extensive experience in gambling, sports betting and poker taxation to ensure your tax return reflects all gambling activity properly, while taking advantage of all available deductions.

We Understand Gamblers

Players need to work with someone who not only specializes in gambling tax regulations, but also understands the gambling lifestyle. We have worked with professional and recreational gamblers for the last 10 years and are well-versed in the tax (and practical) issues that may arise because of their play.

Not sure if you are a recreational or professional gambler? Want to discuss the possible deductions available? How do you determine the definition of a session? Were your gambling records lost? Do you need to file disclosures for your foreign accounts?

As part of our service, we are continuously available to answer any questions that arise pertaining to taxes. If you have a major score in the middle of the year, you don’t have to wait until it is time to file to contact us. We will proactively guide you through the process and implement planning strategies throughout the year.

Don’t Roll the Dice on Taxes

Whether you are a professional poker player, sports bettor, advantage player, Daily Fantasy Sports player, or recreational gambler, we can help guide you through the tax preparation and planning process. We know players often don’t have an advantage against the house, but our complete knowledge of gambling tax regulations is +EV.