Scott Kaplowitch in Wall Street Journal, “The Other March Madness: What the IRS Thinks of Your Bracket”
Partner Scott Kaplowitch was quoted in The Wall Street Journal article, “The Other March Madness: What the IRS Thinks of Your Bracket,” which outlines what you need to know about gambling income and deductions.
“The IRS advises gamblers to keep a diary recording the date and type of wagers, the name and address of the gambling business, the names of other people present, and the amounts won or lost. “This can take some of the fun out of it, but it’s necessary if you want deductions,” says Scott Kaplowitch, a CPA with Edelstein & Company LLP in Boston.”
Read the entire article here.