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There are special deferred tax items for the casino industry. What are they and why do...

There are special deferred tax items for the casino industry. What are they and why do you think they got special treatment?

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Search casino and income tax

924-740-25

a.         Recognition of casino receivables is used for financial statements and the when-collected method is used for income tax reporting.

b.         Costs are deferred for financial statements and are charged to expense for income tax reporting.

c.         Progressive slot jackpots are accrued based on meter readings for financial statements and are charged against revenue when paid for income tax reporting.

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