I was recently shown a new app for an iPhone/iPad/iPod Touch that can be a great help for players in keeping a a gambling diary, something the IRS requires. Gamblers who are very computer-savvy probably have developed their own electronic record-keeping system, but many are like me and use an old-fashioned pen-and-paper calendar record. And, unfortunately, most gamblers keep no records at all – and risk running into a “battle” with the IRS and losing because they have no “weapons.”
Click on this direct link to the “WinLoss ● Slot Players Diary” app in the iTunes store to learn about its neat features that lets you keep track of all your gambling in real time. You can download a trial version that allows 15 free entries so you can see how it works. And if you think it might save you tons of money in case of an IRS audit, you can get the permanent unlimited upgrade for a one-time charge of $7.99.
I am hoping the developers soon put out a version for the Droid and I will be first in line to sign up!
And if you are having trouble knowing how to treat your gambling information on your federal and state tax returns, you might want to go to my book Tax Help for Gamblers, at my Web site where you can order the hard copy. It is also available as an e-Book here at the Las Vegas Advisor site.
Thank you for the information. Also as detailed in the APP description, a PDF/paper report can also be generated. This should satisfy any IRS “Unique” requirements.
Thanks for the information Jean! are you able to share how you and Brad came out on your IRS audit?
Thanks
Jan
It wasn’t that long ago that the IRS said you had to keep paper records. You could then transfer them into electrons, but the initial record had to be on paper. So check with your tax person before using this as your primary recording mechanism.
And yea, the IRS is really silly.