We regard the letter as unreliable evidence and give it no weight. By its terms, it is only an estimate and is to be supplemented by petitioner’s own records. The Caesar’s Palace letter we regard as highly suspect. Unfortunately for the taxpayer, Judge Swift was not persuaded, and stated: * * * This information should be used as a supplement to your own records or information. Please note the tracking system used to arrive at estimated win or loss information provides estimates only and does not constitute an accurate accounting record. However, in typical fashion, the letter included the following “ disclaimer” language:

Tax Court 2000).Īt trial, petitioner submitted an unsigned letter (a casino win/loss statement) from Caesar’s Palace that indicated the taxpayer had put $898,050 into the slot machines (“Coin-In”) and had estimated slot machine winnings of $837,570 (“Handpaid Jackpots” plus “Coin-Out”), for an estimated net gambling loss of $60,480.

On September 20, 2000, Judge Swift published the Tax Court Memorandum Opinion of Mayer v. Lets examine each of these cases in turn. None of the Tax Court judges found the documents helpful or persuasive. Over the years, the US Tax Court has reviewed many cases when casino win/loss statements (or their equivalent) were offered into evidence by the taxpayer.

Red hawk casino win loss statement