Running Scared, The Gambler's Guide to Taxes
Running Scared: The Life and Treacherous Times of Las Vegas Casino King Steve Wynn
Author: John L. Smith
Publisher: Four Walls Eight Windows
ISBN: 1568581904
Originally Published: 2001
Pages: 352 (paperback)
Price: $15.95
Steve Wynn is the former owner of the Bellagio, the hotel and casino of which contain over $300 million in fine art and $1.5 billion in Wall Street money. He owned the Golden Nugget, the Mirage, and the Treasure Island. How did he gain his power in Nevada? When this unauthorized biography was first released in 1995, Wynn brought suit against its original publisher and forced him into bankruptcy. Now available in paperback, the inside story of the biggest phenomenon to affect Las Vegas since Hoover Dam gives readers an intimate glimpse at the real business that's conducted beyond the gaming tables.
The Gambler's Guide to Taxes: How to Keep More of What You Win
Author: Walter L. Lewis
Publisher: Lyle Stuart
ISBN: 0818406321
Originally Published: 2003
Pages: 159 (paperback)
If you know nothing about taxes on gambling this is a solid introduction to the subject of record keeping and the potential impact of alternate minimum tax. If you are a "professional gambler" there is probably very little here that you don't already know. There is a brief discussion of the pros and cons of professional versus recreational gambling, and it is mentioned that you need to file a Schedule C, and also to establish yourself as a business you need to meet standard IRS requirements.
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