{"id":122762,"date":"2022-08-04T16:00:00","date_gmt":"2022-08-04T23:00:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?p=122762"},"modified":"2022-08-04T09:41:27","modified_gmt":"2022-08-04T16:41:27","slug":"podcast-russell-fox-2","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/podcast-russell-fox-2\/","title":{"rendered":"Podcast – Russell Fox"},"content":{"rendered":"

Our guest this week is tax expert Russell Fox on to talk about tax stuff for gamblers.\u00a0 He provided updates for the latest edition of Tax Help For Gamblers<\/p>\n

We welcome your questions – send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https:\/\/www.facebook.com\/GamblingWithAnEdge<\/a>.<\/p>\n

https:\/\/www.spreaker.com\/user\/7418966\/rfox08022022<\/a>
\nClick to listen. Alt click to download<\/p>\n

Show Notes<\/b><\/p>\n

[00:00]\u00a0 Introduction of Russel Fox from Clayton Tax Services<\/p>\n

[00:37]\u00a0 Tax implications of sports betting in different states<\/p>\n

[03:14]\u00a0 Splitting a large DFS jackpot<\/p>\n

[04:17]\u00a0 Reporting recreational horse player income<\/p>\n

[07:40]\u00a0 Shared sports betting at online sites<\/p>\n

[08:47]\u00a0 FBAR<\/p>\n

[11:13]\u00a0 Crypto and FBAR<\/p>\n

[12:15]\u00a0 RV expenses<\/p>\n

[14:46]\u00a0 Paypal reporting transactions, 1099-K<\/p>\n

[17:08]\u00a0 Group slot pulls<\/p>\n

[20:03]\u00a0 W-2 G from a Native American casino<\/p>\n

[23:23]\u00a0 Gambling partnerships<\/p>\n

[25:22]\u00a0 Cherokee North Carolina winnings<\/p>\n

[27:08]\u00a0 https:\/\/SouthPointCasino.com<\/a><\/p>\n

[28:00]\u00a0 https:\/\/BlackjackApprenticeship.com<\/a><\/p>\n

[28:31]\u00a0 https:\/\/VideoPoker.com\/gwae<\/a><\/p>\n

[29:21]\u00a0 Withholding SSN on W-2 G<\/p>\n

[31:40]\u00a0 Tax liability for WSOP Main Event<\/p>\n

[34:54]\u00a0 Deducting gambling losses<\/p>\n

[36:29]\u00a0 Filing as a professional for part of the year<\/p>\n

[37:15]\u00a0 S-corp for professional gamblers<\/p>\n

[42:12]\u00a0 Frequently overlooked tax deductions<\/p>\n

[43:15]\u00a0 Constructive receipt<\/p>\n

[45:00]\u00a0 Taxes and beard accounts<\/p>\n

[49:56]\u00a0 Recommended:\u00a0 Blood and Treasure by Bob Drury and Tom Clavin, Something Missing by Matthew Dicks, For Good and Evil by Charles Adams<\/p>\n

Sponsored Links:<\/b><\/p>\n

https:\/\/SouthPointCasino.com<\/a><\/p>\n

https:\/\/BlackjackApprenticeship.com<\/a><\/p>\n

https:\/\/VideoPoker.com\/gwae<\/a><\/p>\n

Guest Links:<\/b><\/p>\n

Claytontax.com<\/a><\/p>\n

Tax Help For Gamblers –\u00a0https:\/\/amzn.to\/3P1sSEM<\/a><\/p>\n

Recommended:<\/b><\/p>\n

Blood and Treasure by Bob Drury and Tom Clavin –\u00a0https:\/\/amzn.to\/3zWFkkA<\/a><\/p>\n

Something Missing by Matthew Dicks –\u00a0https:\/\/amzn.to\/3P1cjsv<\/a><\/p>\n

For Good and Evil by Charles Adams –\u00a0https:\/\/amzn.to\/3zTV5Jc<\/a><\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"youtube\"<\/a>\"instagram\"<\/a>","protected":false},"excerpt":{"rendered":"

Our guest this week is tax expert Russell Fox on to talk about tax stuff for gamblers.\u00a0 He provided updates for the latest edition of Tax Help For Gamblers We welcome your questions – send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https:\/\/www.facebook.com\/GamblingWithAnEdge. https:\/\/www.spreaker.com\/user\/7418966\/rfox08022022 Click to listen. […]<\/p>\n","protected":false},"author":14,"featured_media":122216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[21],"tags":[179],"yoast_head":"\nPodcast - Russell Fox - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/podcast-russell-fox-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Podcast - Russell Fox - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"Our guest this week is tax expert Russell Fox on to talk about tax stuff for gamblers.\u00a0 He provided updates for the latest edition of Tax Help For Gamblers We welcome your questions – send them to us at gamblingwithanedge@gmail.com, or you can find me at @RWM21 on Twitter or https:\/\/www.facebook.com\/GamblingWithAnEdge. https:\/\/www.spreaker.com\/user\/7418966\/rfox08022022 Click to listen. 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