AICPA Wants Guidance on Reporting Gambling Gains and Losses

CPA Group Seeks IRS Guidance On Gambling Reporting Regs

The American Institute of Certified Public Accountants asked the U.S. Department of the Treasury and the IRS to clarify proposed regulations to increase the threshold for gambling businesses to report payouts to the government, saying they fail to address key issues for reporting wagering gains and losses.

AICPA urges clarity on reporting gambling gains and losses

AICPA has called on the US Treasury and IRS to issue clearer guidance on how taxpayers should calculate and substantiate gambling gains and losses.

AICPA Seeks Specific, Practical Guidance for Reporting Gambling Gains and Losses

The AICPA has asked Treasury to provide guidance on the session method for substantiating wagering gains and losses.

AICPA wants guidance on reporting gambling gains and losses

The American Institute of CPAs asked the Treasury and the IRS for guidance on the method for substantiating gambling gains and losses.