Taxes, Slots, and the Foreign Businessperson

ImageYesterday, the Court of Appeals for the D.C. Circuit made life a little easier for foreigners who come to the U.S., gamble, and lose. It held in Park v. Commissioner that a nonresident alien (that is, non-citizens who do not live in the U.S.) can deduct gambling losses against gambling gains from the same gambling session in determining her U.S. tax. This conclusion is certainly fair and administrable. But it is also wrong.  Continue reading