Russell Fox

Russell Fox, a tax expert specializing in gambling taxes, shares vital insights on how recent tax changes impact both amateur and professional gamblers. He discusses the complexity of session method logging, the confusion around W2Gs and 1099s, and emphasizes the importance of meticulous record-keeping to avoid pitfalls. Russell dives into different tax obligations for U.S. citizens versus non-residents and speculates on the potential for increased tax fraud. He also outlines how the new laws may affect high-limit gambling and overall compliance in the gambling community.