Gambling winnings and taxes

I do taxes in Vegas and see too many people get blindsided by gambling winnings. If you win over certain amounts, the casino sends you (and the IRS) W2-Gs detailing the winnings. But they do not document losses. Which is…
"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.

I do taxes in Vegas and see too many people get blindsided by gambling winnings. If you win over certain amounts, the casino sends you (and the IRS) W2-Gs detailing the winnings. But they do not document losses. Which is…

One of the most cherised shibboleths on the hard left is activists must focus on building an international working class movement that will somehow create major change in the future. Yet it’s a self-defeating strategy that has never been effective.…

Danica Roem, a trans woman, just got re-elected as a Virginia Delegate during an election that had multiple nasty attacks on transgenders. Why? At least in part, she got reelected because she has a message. McAuliffe didn’t have a central…

Starting in 2022, online selling and micropayment platforms will report yearly total income of more than $600 on form 1099-K. This is way down from the current 200 transactions a year totalling $20,000 or more. Many more 1099-Ks will be…

If you get an IRS letter, like a CP503, it is crucially important that you read it, then respond by the deadline. The letter will explain how to reply. If you agree you owe the money, pay it in full…

Just-in-time supply chains are a quaint utopian libertarian concept that assumes markets will always operate efficiently. Thus, goods can be and should be manufactured, shipped, and delivered exactly when needed, and not before. It should be achingly obvious by now…

Space aliens and other civilizations almost surely exist. However the universe is so vast that we may never be in contact with them. Our galaxy, The Milky Way, has at least 200 billion stars. About 7% are stars like our…