A high roller who bet on some creative tax accounting has lost an appeal in court. The Canadian man tried to deduct more than $96,000 in gambling losses as business expenses.
Giuseppe Tarascio's business-expense claims may have been a gamble from the start, but the phone-company technician tried to back them up with proof, the Toronto Sun reports.
Tarascio kept records of his gambling and touted his "special knowledge and skill as a gambler" in trying to claim casino and horse-betting losses as business expenses, according to the Sun. But a Canadian appeals court held that wasn't enough.








