More Debits & Credits Posts

Taxes on Gambling Winnings

March 17, 2011

CCH has released a video explaining the tax treatment of any gambling winnings from the March Madness college hoops brackets and other forms of betting.

The YouTube video features CCH principal federal tax analyst Mark Luscombe, who explained how even office betting pool winners still need to pay taxes on their successful picks (see March Madness Winnings Count as Income).


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