#1
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Finding a good CPA
How would you suggest that I go about finding a good CPA? I have been making big deposits and big withdrawls with my personal banking account seeing as much as 10K in and 10K out almost every month. I'm a newer player still learning the game, but I enjoy the bigger stakes just learning to maintain the BR.
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#2
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Re: Finding a good CPA
[img]/images/graemlins/spade.gif[/img]web search
[img]/images/graemlins/spade.gif[/img]phonebook I have a meeting with a CPA today. I'm gonna talk to her and see how familiar she is with gambling taxes. |
#3
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Re: Finding a good CPA
Good luck, i guess i will just have to set up meetings and talk to them about gambling taxes.
Thanks |
#4
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Re: Finding a good CPA
[ QUOTE ]
Good luck, i guess i will just have to set up meetings and talk to them about gambling taxes. [/ QUOTE ] All CPAs should be pretty familiar with this stuff. You could just ask them over the phone about their experience handling these types of taxes. |
#5
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Re: Finding a good CPA
do what i did... marry one.
.... actually, don't. |
#6
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Re: Finding a good CPA
For your personal US tax return as far as gambling goes, you are required to report your gambling winnings (all of them from any source) and you get a deduction for your gambling losses (up to the amount of winnings but not over)
So try to keep track of this information. In the event you get audited, one thing the IRS may do is look at your banking records and attempt to reconcile your cash receipts with your reported income. |
#7
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Re: Finding a good CPA
My meeting today wasn't too great.
CPA didn't know much about gambling. Wife liked her though so I might have to walk her through the steps. |
#8
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Re: Finding a good CPA
IMO, if you are going to hire a CPA...why would you want to have to "walk her through the steps"?
If I'm paying someone, they're going to know what's going on. |
#9
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Re: Finding a good CPA
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IMO, if you are going to hire a CPA...why would you want to have to "walk her through the steps"? [/ QUOTE ] You married? |
#10
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Re: Finding a good CPA
I am the CPA, guys. I specialize in Poker Players and wrote the book on "How To Turn Your Poker Playing Into a Business". I write poker/tax articles for CardPlayer and Bluff and have many pros, such as Chris Moneymaker, Jeff Williams (pokestars Monte Carlo). I am also a poker player so I understand all the "special" things going on out there. Check out my Tax Q&A on pocketfives.com and see my website at pokerdeductions.com
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