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Tag: Gambling

Tax

The IRS Confirms that Daily Fantasy Sports are Gambling

The IRS has determined that daily fantasy sports are games of chance, not games of skill. Consequently, entry fees represent wagers, and are deductible under Section 165(d). This decision will …

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    • Tax Season is Almost Here – Take these Steps to Get Your Refund Faster in 2024!
    • Was Your Business Conned by an Unethical Employee Retention Credit (ERC) Preparer? Withdraw Your Claim Before it’s too Late!
    • IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15

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