April 15, 2011
Overall, the reporting requirements for gamblers are quite easy. The gambler must report all his gambling winnings as “other income” on the first page of his IRS Form 1040. This includes winnings reported on IRS Form W-2G’s ($1,200 or more for slot machines) as well as any other amounts from any other gambling activities. Then, [...]
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December 8, 2010
1. REPRESENTING CLIENTS BEFORE IRS Preparation is essential to successfully representing your client during audit. Generally, any attorney or CPA may represent clients before the IRS. Accountants who are not CPA’s may apply to the IRS for “enrolled” status which also enables them to practice before the IRS. 2. ESTABLISHING REPRESENTATION A. A prospective client [...]
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