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BEGIN:VEVENT
UID:271634ks
DTSTAMP:20261110T010420Z
DTSTART:20261209T150000Z
DTEND:20261209T164000Z
SUMMARY: Don Farmer’s All Bets Are Off: Navigating Gambling Tax Rules
DESCRIPTION: Gambling tax reporting is often misunderstood\, creating confusion and compliance risks for tax professionals. This comprehensive course clarifies Form W-2G reporting requirements\, withholding rules\, and the tax treatment of gambling income and losses. Participants will master federal reporting thresholds\, understand different treatment rules by gambling activity type\, and navigate complex scenarios involving multiple winners\, foreign persons\, and noncash prizes. The course examines critical compliance issues including penalty exposure for incorrect withholding\, Form 5754 reporting requirements\, state tax considerations\, and recent legislative changes affecting gambling loss deductions. Through practical examples and real-world scenarios\, participants gain the knowledge to properly advise clients with gambling winnings and losses\, while developing best practices for form preparation and recordkeeping.
CLASS:PUBLIC
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