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Old 11-05-2005, 02:35 PM
Foghatlive Foghatlive is offline
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Join Date: Oct 2005
Location: Manhattan
Posts: 482
Default Re: Ed Miller\'s Tax Article

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That's why we suggest finding a real CPA that knows the tax law and is familar with the gambling laws, as opposed to going to some random at HR Block that knows less about the tax code than many of us on here.

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The Tax Code is endless. No one knows it all. You can be an expert in one area and know very little about another. In addition, other than Vegas, pro-gamblers are not exactly commonplace. I'm in NYC. Casinos are illegal, and God knows none the people who hang around in OTB make a living betting horses.

You can go find 100 20yr CPAs from around the country, and there's a chance that none of them have ever done the taxes for a professional gambler.
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