WSOP 2023: ITIN Issues Persist for Nonresidents
World Series of Poker (WSOP) 2023 just kicked off at the Paris and Horseshoe casinos. From daring bluffs and impossible folds to record-breaking pots, the WSOP is a time of […]
WSOP 2022 Update: Nonresidents Face ITIN Issues
If you have been to the WSOP this year, you have probably noticed many changes from past years. There are two new venues, larger rooms and new tournament chips. However, […]
IRS Increases Standard Mileage Rates Mid-Year
The IRS announced it will increase the standard mileage rate to 62.5 cents per mile for business activities, a 4 cent increase from the earlier in the year, beginning on […]
Michigan Allows Gambling Loss Deduction for 2021
Prior to 2021, Michigan was one of the few remaining states that did not allow recreational gamblers to deduct gambling losses on the state level (this includes losses related to […]
2022 World Series of Poker
After an abbreviated event at the end of 2021, the World Series of Poker is back to its full slate of live and online events in 2022. Things will look […]
Payroll-Related Provisions of the New COVID-19 Law
The Consolidated Appropriations Act, 2021 (the CAA, 2021) was signed into law on December 27, 2020 and is a further legislative response to the coronavirus (COVID-19) pandemic. The more than […]
Uncertain Times for WSOP 2020 It’s all in the Cards
The World Series of Poker for 2020 looks a little different this year! For now, gone are the days of crowded hallways filled with buzz and excitement. They have been […]
Impact of CARES Act on Professional Gamblers
The CARES Act, which provides businesses temporary loan relief during the CoVid-19 outbreak, became law on March 27, 2020. It provides two loan programs, The Paycheck Protection Program (PPP) and […]
CARES Act and Small Business Paycheck Protection Loans
The “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” (“Act”) was unanimously approved by the United States Senate on March 25, 2020. On March 27, 2020, […]
NYT: F.A.Q. on Stimulus Checks, Unemployment and the Coronavirus Plan
To learn more about the recently passed coronavirus rescue package, please see the following New York Times article. The New York Times is currently offering at no charge information related […]
Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave…
WASHINGTON — Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two […]
SBA Disaster Loan Assistance
Federal disaster loans for businesses, private nonprofits, homeowners, and renters is available from the U.S. Small Business Administration. Link provided below to access info on eligible disaster areas, the online […]
