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Don't wager on horse racing if you live in ILLINOIS !!!
I received a letter today stating I owe back Illinois state back taxes. Illinois does not allow gambling losses to be deducted against gambling winnings for state income tax purposes. Total bullshit, so I have to pay income tax on income I never had !!! So I had 30K in W-2G's and 30K in losses, well Illinois expects to collect tax on that 30K.
Here is a guy with a similar problem, with Illinois income tax response...I'm done, f*ck these stupid a-holes in Springfield. Do they think everyone who walks into a riverboat is paying tax? http://www.revenue.state.il.us/Legal...7/ig070007.pdf |