Re: This should end all of the false claims about paying US taxes on p
Has anyone ever been convicted of tax evasion because they netted their wins and losses rather than reporting session wins and deducting session losses?
I'm not acquainted with the specific regulations regarding session reporting, only the statutes to the extent I learned them in one semester of income tax in law school. But it seems to me that one could mount a serious challenge to these regulations as unconstitutionally vague if they cause almost every recreational gambler in the county to account for their taxes incorrectly.
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