Identifying Issues:
In this given case, Mark loves its professional gambler line of work and he has been earning from gambling for many years. He believes the income from gambling is tax-free and he had decided to purchase a condo in Las Vegas, so he is trying to secure a mortgage. The banker asked Mark that his income from gambling is taxable. Mark has wanted to meet a tax wizard to discuss about the income from gambling is taxable rather tax free. As a tax wizard, I require to investigate the issues and prepare a presentation for the meeting with Mark. In this given situation, main issues is identifies that the gambling earnings are taxable or not in the Las Vegas (US).
Locating Tax Authority:
In some countries such as Germany and UK earning
In this given case, Mark loves its professional gambler line of work and he has been earning from gambling for many years. He believes the income from gambling is tax-free and he had decided to purchase a condo in Las Vegas, so he is trying to secure a mortgage. The banker asked Mark that his income from gambling is taxable. Mark has wanted to meet a tax wizard to discuss about the income from gambling is taxable rather tax free. As a tax wizard, I require to investigate the issues and prepare a presentation for the meeting with Mark. In this given situation, main issues is identifies that the gambling earnings are taxable or not in the Las Vegas (US).
Locating Tax Authority:
In some countries such as Germany and UK earning