Legal Lite – Casino Losses Aren’t Deductible Biz Expenses, Judge Tells Gambler

By Pushor Mitchell LLP
Categories: Blog, Legal Lite

A high roller who bet on some creative tax accounting has lost an appeal in court. The Canadian man tried to deduct more than $96,000 in gambling losses as business expenses.

Read about it here: http://blogs.findlaw.com/legally_weird/2012/02/casino-losses-arent-deductible-biz-expenses-judge-tells-gambler.html?DCMP=NWL-cons_blg-weird