A wise man once said, “The income tax created more criminals than any other single act of government.” We here at the Crapspit say, “You wanna play, you gotta pay.” Taxes, that is. Yes, gambling winnings are taxable. Yes, you must report them on your Form 1040 which can be downloaded from here www.irs.gov/pub/irs-pdf/i1040tt.pdf. It doesn’t matter how much or …
