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...
by Daniel Pilla | Jan 23, 2025 | PTT Featured Article
WHO IS BILLY LONG? Ar A Brief Biography of Trump’s Nominee for IRS Commissioner On December 6, 2024, president-elect Trump announced that he would nominate Billy Long to the position of IRS Commissioner. So, who is Billy Long? Background Billy Long is a former...
