Category Archives: gambling advice

gambling advice

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Bankruptcy Help Forum, articles, blogs, TV channel …

Bankruptcy is an option when you have little or no income in order to make any kind of monthly payment to your creditors. . Bankruptcy usually lasts 12 months, after which time, any unpaid debt is written off. was set up in response to demand from users of sister site,, for a […]

Gambling Income And Expenses – Tax Requirements

If you itemize deductions, you can deduct your gambling losses for the year on line 27, Schedule A (Form 1040). Unfortunately, gambling income also includes the fair market value of prizes such as cars, houses, trips or other non-cash prizes. The full amount of your gambling winnings for the year must be reported on line […]

YOUR MONEY-Beating the odds when Mom or Dad has a gambling problem | Reuters

“Or maybe she can’t do bingo, but she can play the lottery.” Her advice: Work with a professional who understands those dynamics. Martha Patterson, a certified elder-law attorney in Burbank, California, says she had a family come to her because their blackjack-playing father was losing thousands of dollars every time he played. Look for changes […]