Tax News Briefs
Recent Court Cases of Interest
Gambling Loss Not Deductible as Casualty Loss
The Ninth Circuit Court of Appeals has ruled that the taxpayer’s gambling losses did not qualify as deductible casualty losses.
The taxpayer gambled occasionally, but only small amounts, and... TheTaxBook
Sept/Oct 2021,
Tax News Briefs,
§165(c)(3),
s corporation,
Pramipexole,
compensation,
IRS Publication 547,
gambling,
Ninth Circuit,
Form W-2,
§3401(a),
§3401(c),
Form 1099-MISC,
theft,
§165(a),
nonemployee,
California,
Food and Drug Administration,
FDA