Friday, June 30, 2006

To be honest how many gamblers do you think have made a big hit in the establishment and somehow or the other have failed to, or dodged reporting it as income to the IRS. The fact is that gambling has become such a big business involving huge transactions in cash and kind that the IRS not only expects you to report all your winnings as well as your losses but have virtually turned the gambling establishments into agents of the IRS. Read further...