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October 18, 2018
12:00PM - 2:00PM ET

$79

November 01, 2018
2:00PM - 4:00PM ET

$79

November 20, 2018
12:00PM - 2:00PM ET

$79

December 06, 2018
2:00PM - 4:00PM ET

$79

December 28, 2018
12:00PM - 2:00PM ET

$79

Webcast
2
Basic
Taxes
None

Course Description

Most states now have some form of legalized gambling. As a result, more and more people have gambling winnings or losses. Unfortunately, not all taxpayers maintain adequate records of wins and losses and become subject to IRS audits. In this course, you will learn about the rules and regulations for the accounting of gambling winnings and losses related to wagering, gambling, lottery, sweepstakes, and card playing. Topics covered include the reporting rules and recordkeeping requirements for taxpayers as well as the reporting requirements for casinos. Recent cases and rulings both for and against taxpayers are also presented.



Instructor

Robert (Bob) E. McKenzie, EA, Esq.

Robert (Bob) E. McKenzie, EA, Esq., is a partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the IRS and state tax agencies. He has lectured extensively on the subject of taxation and has made numerous media appearances, including on Dateline NBC and ABC World News Tonight.

Bob has been elected to the American College of Tax Counsel where he serves as secretary/treasurer of its board of regents. Prior to entering private practice, he was employed by the IRS Collection Division in Chicago, Illinois. From 2009–2011, Bob served as a member of the IRS Advisory Council (IRSAC), a group appointed by the IRS Commissioner.

Bob is the author of Representation Before the Collection Division of the IRS as well as the coauthor of Representing the Audited Taxpayer Before the IRS and Representation Before the United States Tax Court.



Course Specifics

Taxes
May 17, 2017
None
WC18176143
None


Compliance Information

103220
IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01150-17-O
IRS Federal Tax Law Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1103
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

•Recognize the reporting requirements for casinos

•Identify the accounting requirements for a taxpayer's gambling winnings and losses

•Specify taxpayer recordkeeping requirements

 


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