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Whenever you win a “qualifying amount” at a casino, they are legally required to report it to the IRS. Therefore, they will collect your social security number and send you an IRS Form W-2G. As such you want to make sure to report these winnings on your tax returns because the IRS obviously [...]
There is a large majority of people who gamble nowadays, even exceeding more than 1/6th of the total population. A large majority of this would be senior citizens as there is a dearth of opportunities of entertainment for them, most of them are more willing to spend money on gambling rather that spending time on [...]
Most people look at avid gamblers and think that they just like the entertainment. However, it is just like anything else. Too much of it can literally destroy your life. I think most people are unaware of the fact that gambling can be an addiction that is very similar to a drug. The vast majority [...]
Many people gamble for many different reasons. When it comes to being called a gambler, in a serious sense, many people shudder to fall into that category. The reasons for gambling are many. Some do it just because they enjoy it. They don’t get too carried away, they just have fun. Others do it as [...]