Gambling Winnings

Remember, you need to understand that Gambling Winnings are never possible.  You will always lose more money than you gain, and the IRS knows this, but the IRS likes to take advantage if you under report your losses because if you report less losses than your gains, you will have to pay taxes on the difference, which is usually not the case because there’s no way LAS VEGAS would be lights on and running 24 hours if you were winning at gambling… There’s just no way…

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