Sports gambling has raised the stakes with reporting and compliance considerations! Presented by Dayo Adesuyi, CPA, JD, this session provides valuable insights into topics such as gambling legalities, excise tax reporting, occupational tax, and reporting requirements. This course provides an overview of recent changes in law impacting the gambling industry, gambling businesses or operators’ excise tax and information reporting requirements, and individual income tax reporting requirements for those that are either lucky or skilled enough to win.
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
