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casinos

Don’t Gamble on the Budget: Just Raise Taxes Says Quinn

9 November 2010

In one of the more bizarre statements this post-election season, Gov. Pat Quinn (D) of Illinois has advised the legislature that an alternative plan to raise revenue won’t work and instead, he wants to focus on raising the state’s income tax. Days after squeaking by in the gubernatorial race, Quinn told the Chicago Sun-Times that [...]

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I’ll See Your 1099 and I’ll Call… My Lawyer

20 October 2007

You’ve always known that you’re supposed to report your gambling winnings on your taxes, right? Well, the IRS is making it a little easier (for them) to make sure that happens. Beginning March 4, 2008, casinos and other sponsors of poker tournaments will be required to report most winnings to winners and the Internal Revenue [...]

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