Won a sports bet? The IRS wants its share

2021-09-14

Some 45.2 million Americans plan to bet on football games this season, a 36% increase compared with a year ago, according to the American Gaming Association. Bettors must be aware of tax rules related to sports wagers.

Full story:

CPA Letter Daily

Accounting News

Designed specifically for CPAs and those who work within the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news.