River slots Sweepstakes Jimmie Clemons, retired, received a Form W-2G reporting $44,800.00 in winnings from a casino. As his gambling losses for the year were quite $44,800.00, he didn’t report any winnings or losses on his 1040.
The Tax Court, in Jimmie L Clemons T.C. Summary Opinion 2005-109, upheld the IRS position that gross gambling winnings must be reported as income on Page 1 of the income tax return , with losses, to the extent of winnings, allowed as a “miscellaneous” Itemized Deduction. The losses are often deducted fully on Schedule A, and aren’t subject to the two of AGI exclusion.
While Jimmie was ready to deduct $44,800.00 in losses to wipe out his $44,800.00 of income, the very fact that the winnings were included in his Adjusted Gross Income caused 85% of his Social Security benefits to be taxed!
As a tax professional with a practice in New Jersey, and my share of normal lottery players and senior citizens who frequent the casinos of Atlantic City as clients, I even have seen many examples where a taxpayer with net gambling losses for the year is royally screwed by “Uncle Sam”.

Riverslots casino is a popular internet cafe software and games. It specialized in the development of video lottery and slot games by providing the latest online casino games to the players. Riverslots casino offers next-generation games, slots, video pokers for online casino players. This gaming platform gives the opportunity for players to entertain with gaining a lot of prizes.

Riverslots casino consists of 70 top quality casino-style games, and it is not hard to install it. It will just take 20 minutes of your time to set up it. Numerous slot games, as well as various poker types, are available in the online casino. They all contain different Jackpots, Bonuses, and mini-games to attract more customers.

With the help of these marketing tools for drawing players, casinos take advantage of it. People play these online slot games, and they benefit by winning lots of prizes and growing their bank account.

Advantages of Riverslots casino

Riverslots casino

River slot casino has many advantages. It is considered the best high-quality software that is a game club system in the gambling industry. The benefits are the following:

  • The design and appearance of the online casino slot machines are over 80 full HD. They are a bright and simple interface that is available for every player, even for first players as well.
  • River slots casino games are developed on C++ language, meaning that they are suitable for Android, IOS, and other platforms as well. They are in the highest standard, and all of them are integrated with the latest version of Windows. Therefore, it is easy for players to download them as they do not require any environment or a particular system for supporting the games.
  • River slots casino games are possible to play and pay with the electronic payments system. Besides, you can use e-wallet as well while you play riverslots at home.
  • River slots casino give you a change of winnings with the help of bonuses and loyalty programs. It attracts new visitors to play online slot games.
  • This gaming platform is very flexible and adaptive. In case of changing your software provider, it is possible to convert your game platform. In this way, you will not lose any of your players.
  • Another advantage for Riverslot Casino is that this game platform allows you to have an internet connection from any appliance. That is why you will easily play your online slot game whenever you want.

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