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This webinar will focus on the tax implications of gambling, and how it could impact our clients who gamble/d. Many clients may not file taxes accurately or know how to work with the IRS to resolve inaccurate income tax filings. Learn some of the major differences between brick and mortar vs. online, as it relates to gambling tax reporting. Learn more about W2-Gs, Win/Loss Reporting, and what happens if someone self-excludes. We will provide participants with various resources to help clients that become involved with the IRS. We will also discuss how to help reduce the risk of relapse by talking about important tax issues with our clients. This isn’t your typical gambling disorder webinar, but you will walk away with knowledge you didn’t have before.
Price: Free
Credit
1 CE
Prerequisite
None
Classification
None
Recommended for
Mental Health Professionals
Class Instructors
Learning Objectives
At the end of this class, you will be able to:
• Describe 4 tax implications of gambling
• List 3 resources to help clients involved with the IRS due to gambling
• Identify 5 ways to support clients involved with the IRS due to gambling
Educational Goals
• Understand tax implications associated with gambling activities, including how winnings and losses are reported and taxed.
• Familiarize providers with resources available to assist clients dealing with the IRS
• Develop strategies to support clients facing IRS issues related to gambling, including effective communication approaches, documentation practices, and collaboration with legal or financial professionals.
Outline
• Introductions and objectives (3 min)
• Why Now? (3 min)
• Basic terms and definitions (10 min)
• Closing accounts and what may happen 10 min – How to work with the IRS (7 min)
• Top 3 things to share with clients (7 min)
• Helpful information for Clinicians (10 min)
• Review 2 case scenarios (10 min)