Much confusion exists about gambling income and how it is calculated. For instance, IRC 165(d) does not even use the term “income” – it mentions losses, gains and transactions – but, it never mentions the term “income.” So how is “gambling income” calculated? The mnemonic “J+O-I” is the easiest way to remember the “gambling...
Sorry, No Pictures.
When I was in law school, it was not uncommon for the female undergraduate students to visit the law school library. Naturally, the fraternity boys were not far behind. However, they were not hard to identify and chase out. It was simple. Law school textbooks do not have any pictures. And, if they do, then it probably is a faded picture of judges in their black robes. The purpose of this website...