Sports gambling has raised the stakes with reporting and compliance considerations! Presented by Dayo Adesuyi, CPA, JD, this webinar provides valuable insights into topics such as gambling legalities, excise tax reporting, occupational tax, and reporting requirements. This course covers: recent legal changes affecting gambling, operators' excise tax and reporting obligations, and individual tax rules for winners.
Learning Objectives
- Identify how recent changes in federal law have impacted the gambling industry
- Specify gambling business’ excise tax reporting requirements
- Specify gambling business’ information reporting requirements
- Identify casual and professional gamblers’ income tax reporting requirements
- Understand how the IRS is pivoting to address tax compliance issues in the
gambling industry
