Re: [vpFREE] 1099's

Although there are a couple of other tax books available that give good
general information, I know of no other that gives as much specific
information for the machine player as "Tax Help for Gamblers." That's why
I wrote this book since I found other books very lacking, often seeming to
be written by people who had never gambled themselves. That's why I brought
Marissa Chien in with me for this book. She is a professional tax preparer
who has had a lot of experience with cases involving gamblers plus she is a
gambler herself, both in video poker and live poker.

Topics like 1099's, sessions, comps, professional status - there is no one
answer to how to handle these on your returns. We don't give short
flat-out answers - we discuss the range of possibilities, the pros and cons
of doing it any one way - and then you can decide how to do it according to
your particular circumstances if you do your own returns. And even if you
use a professional preparer, this book can help you become knowledgeable
enough to give that person all the necessary information for them to make a
better decision. And in many cases, especially if the preparer is not a
gambler himself and/or has not had any/much experience in this specific tax
arena, the taxpayer has given the book to him to help him begin his own
education here.

It is good to share personal tax experiences on this or other Internet
forums but some of the "short advice" given may not be applicable to your
circumstances and some may actually be downright wrong. There are so many
ways to interpret the very unclear IRS writings on this subject that we have
to be careful how we use "advice" we get from non-professionals. Even tax
professionals don't always agree so it is not wise to be too "dogmatic."

You can learn more about the book at my Web site below. Also you can order
it as an e-Book at http://www.shoplva.com/collections/ebooks/ for $9.98.
This is the newly-updated 2010 edition.
________________
Jean $¢ott, Frugal Gambler
http://queenofcomps.com/
You can read my blog at
http://jscott.lvablog.com/

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