The Casino Business Podcast
31min2022 JAN 4
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Casino taxes are way more complex than just declaring your W2-Gs, especially for serious players. There are various tax advantages by filing a specific way, reporting and tracking methods that can benefit long term, and so much more. Craig Shacklett, CEO of URComped and Trio360, interviews Ray Kondler, Founding and Managing Partner of Kondler and Associates, to learn how casino players can minimize their tax liability from casino winnings, track and report win/loss, the differences in filing as a professional versus amateur, and other interesting topics! Topics Discussed Include: What do high-level players need to think about when filing taxes Tax advantages of filing as a professional Tax advantages of filing as an amateur What is the difference between filing as an amateur vs. professional Should retired gamblers file taxes as a professional When can you determine how you will file? LLCs and S corps benefits Status of changes on the amount that triggers a W2 in the casino Do table...

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