help me be an honest american!

Game_On · #1 03-19-2007, 04:23 PM

I've been to a few of my local tax places and none of them knew anything about filing gambling winnings (one even told me i dont have to report it since they dont give me a form like casinos do). So can someone plz recommend a good CPA in LA. I just wana pay my taxes and sleep easy.

Game_On · #2 03-19-2007, 11:37 PM

bump

jkpoker · #3 03-20-2007, 12:04 AM

i would go to other cpa's and ask them if you cant get someone to recommend one

Robk · #4 03-20-2007, 03:58 AM

some 2+2ers have said good things about russ fox link . i have no personal experience with him, just passing on what others have said.

poorolrich · #5 03-20-2007, 12:34 PM

I find it hard to believe a CPA didn't know anyhting about gambling winnings/losses. A mom and pop who only does taxes during the season, maybe. The L A phone book must have 1000's of tax preparers. Just start calling.

gurgeh · #6 03-20-2007, 01:53 PM

Uh, you put them on line 21 of your 1040. And then you can deduct up to that amount on Schedule A if you elect to itemize deductions. If you're a professional gambler, you file a schedule C and SE instead of declaring them on line 21.

Run screaming from any CPA who doesn't already know this.