Hey TaxCop Crew. Look it's been a minute and I know I keep saying I am going to be consistent, but you gotta watch/listen to this week's episode to find out what's really been going down over this away.

In this episode we discuss an often overlooked topic: GAMBLING and how the tax implications can turn your winning streak into quite the opposite if not handled correctly. From defining the limits to how much you can deduct to the importance of meticulously documenting wins and losses, this episode promises to unravel some of the grey areas surrounding this matter. We'll also dive into the enlightening case of a certain Mr. Bright, whose encounter with the IRS presents a cautionary tale for all.

As tax season approaches, put on your learning hats, keep your notepads handy, and remember, avoiding legal trouble starts with a good foundation. I'm here to shed light on these matters and share some useful advice, drawn not just from my background in federal auditing but also from personal experiences.

Today's episode is an unbiased attempt to educate you on tax compliance, with the aim to make you feel confident and in control, whether you're a small business owner or a casual gambler. So, grab your headphones, make yourself comfortable and let's see wha nuggets you grab from this week's episode.