by Daniel Pilla | Jun 12, 2026 | PTT Featured Article
SPECIAL REPORTWHAT TO DO WHEN A BUSINESS FAILS The Step-by-Step Process for Shutting Down Operations Small businesses are the backbone of the American economy, and while the definition of “small business” is somewhat nebulous, we all know one when we see one....
by Daniel Pilla | Aug 27, 2025 | PTT Featured Article
THE TREATMENT OF GAMBLING LOSSES UNDER THE OBBBAGamblers Face Tax Liabilities on Phantom Income Under Code section 61, gambling income is fully taxable. It has been forever. Code section 165(d) controls the extent to which gambling losses are deductible. The law...
