Yes deducts taken and later recoverable are ax able.
Unless you are C Subchapter S with gambling as your
Profession this is not a major factor.
1. Remeber reading about how comps are calculated?
A percentage of what the casino can expect to get from you (theo)?
2.If you believe corporations personally give you gifts.Please give out
Your name and casinos giving these gifts so stockholders can show up
And raise hell .A corp. is the only business entity with a business reason(10
Percent)to give to charity.You are not a charity.
3. Get your own definition of de minis.Having to get support for a deferent
Value for a prize' Have you ever watched a game show? Appraisles are only professional demanded if the amount justifies the cost.
4.I will go out on a limb on the total picture.If you go around spending hundreds
Of dollars on fifty dollar items keeping you up at night you are bankrupt
Look up forgiveness of debt. In IRS. Publications.
5.If you believe that a none gray answer is going to suddenly pop up
and you are not going to ask for a letter ruling and can not find
A session of congress with your name on it.Go with everything
Is taxable except by legisative grace.Pony up on the rebate you
Got on the SUV you got the air miles you used and any groceries you
Ever got on sale used coupons on and if you ever travel in or out of
California please pay thier sales tax for them They need help.
Yes the circumstances are very different if you are in the business
Otherwise mind your on business You having fun and leave construct
Recite questions to those it applies .
PS. It was a long tax season been at it probably longer then
You been alive.I wonder what happens when you play Video Poker
that long ?
Sent from my iPad
Posted by: Dave Breslin <cbres77376@aol.com>
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