This article was co-authored by Mirit Eyalthe, the Joseph D. Peeler Professor of Law at the University of Alabama School of Law, and Jay A. Soled, a Distinguished Professor of Taxation at Rutgers ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. This voice experience is generated by AI. Learn more. This voice ...

Americans love winners. They love learning about those who gamble and succeed — such as Edwin Castro, who last year won a $2 billion Powerball jackpot. Intoxicated with the prospects of winning, ...

A pair of academics recently teamed up on a study arguing against restoring the law that allowed 100% tax deductions for gambling losses. In fact, the professors believe there should be no gambling ...