Search Help

Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
August 2006

Word Count:



Court Crushes Slot Machine Winnings

Janice Spencer and her husband, Fred Egerton, believed that tax law cheated them on their gambling activity. Here’s what happened.


In 2002, Janice and Fred won $13,400 playing the slots in several casinos. They also lost $13,400 playing the slots. The IRS agreed with Janice and Fred that they had a zero income from the slots for 2002.


But a zero income does not mean a zero tax! This is what upset Janice and Fred.


On their 2002 tax return, the ... Log in to view full article.

Already a subscriber?
Email Address

You’ll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter
Not yet a subscriber?
with a money-back guarantee

Powered by Cranium Softworks - CMS, Subscription Mgmt & Web Development