Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

Gambler

Multiple poker tournament buy-ins weren’t identical wagers for purposes of withholding rules

Multiple poker tournament buy-ins weren’t identical wagers for purposes of withholding rules

Legal Advice Issued by Field Attorneys 20153601F In Legal Advice Issued by Field Attorneys, IRS has held that, where a poker tournament had an initial buy-in amount in order to participate, and also allowed players who lost all their initial buy-in chips to buy in a second, third, etc. time, multiple buy-ins were not “identical […]

Read the full article →

Tax Court holds Taxpayer who generally lived at casino hotel wasn’t professional gambler

Tax Court holds Taxpayer who generally lived at casino hotel wasn’t professional gambler

Boneparte, TC Memo 2015-128 The Tax Court has ruled that a taxpayer was not a professional gambler even though he gambled regularly, did not maintain a permanent residence, and generally stayed in Atlantic City, New Jersey casino hotels. Background. Code Sec. 162(a) allows deductions for ordinary and necessary expenses paid or incurred during the tax year […]

Read the full article →
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney