Beginning in the 2026 U.S. tax year, gamblers must report 100% of their winnings but may only deduct 90% of their gambling losses for tax purposes; previously gamblers could deduct 100% of their losses against winnings.
January 01, 2026
high
temporal
Change to U.S. federal tax treatment of gambling winnings and losses.
Failing to report kickbacks or unreported personal purchases on income tax returns can lead to tax evasion charges under U.S. law.
October 09, 2025
high
legal
Unreported income and benefits can form the basis for federal tax evasion prosecutions.
Payments and material benefits provided to an individual (for example, housing, credit-card payments, private schooling, or legal bill payments) can be treated by prosecutors as taxable income that must be reported on tax returns, and failing to disclose such benefits on joint tax filings can result in tax-related charges.
October 01, 2025
medium
tax-law
Summarizes how undisclosed third-party payments or benefits may be treated in tax enforcement and prosecutions.