Video Poker Forum

Just a fyi for all of you who have w2gs from previous years.  The IRS is cracking down on all of us who have had them in the previous 5 years.  I had my last 5 years audited because of them.  If you don't have all your ducks in a row it can spell trouble for you.  Lucky for me all mine were in a row with all the documentaion I had.  It cost me nothing but some time but was well worth the effort.  Be forewarned with this economy and Obamas wacko programs the IRS will be looking closely at any returns with w2gs on them.  Good luck to anyone who gets that notice from Uncle Sam.

if you take losses against wins they must have documentation even attach casino win loss statements

I'm taking the high road here and for once keeping my trap shut.

Did you claim losses that equalled your wins? I would guess this might be the trigger for the audit.

Get a tax guy, folks. And keep records if you play enough to take deductions.

I did claim losses that equaled the wins.  Also I had win loss statements for the casinos I got the w2gs from, so all my documentation was in order.  Like I said it just cost me some time and NO MONEY!!!!!!!!!!!!!!!!!!!!!!

Thanks for the response. In my case the losses have always been less than my w2gs and I've never been audited. I also have plenty of documentation so I am not worried.
 
Could you give us a little more detail on how you handled the audit. Was it simply sending in the win/loss statements, did you have to meet with an auditor? I've heard other reports that win/loss statements were not accepted by the IRS and either bank statements or a personal gambling diary was required. 

i handled for clients by providing win loss statements losing lottery horserace tickets and a "statement" in my rsponse to their inquiry usually the deductions for losses is not what triggers the audit. but before the deduction is taken the taxpayer must make sure it will stand in an audit as with all deductions "the deduction must be resonable" not taking ones pet duck as a dependant child

I just sent in copies of all my records and that was that.  I got a call from the IRS about 3 weeks after I sent out the records and they said all was in order.  No problem.

good for you keeping good records is key with proof (win loss statements losing horserace sportbet tickets losing lottery tickets)