Patrick Guinan
Owner at Daily Fantasy Taxes
Based in Philadelphia, United States
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Seniority
C-Team
Department
General Business & Management
Location
Philadelphia
Industry
Accounting
Company size
2
Contact information
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p•••••••@dailyfantasytaxes.com
Phone
5 credits+1 ••• •••• ••••
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Background
About Patrick Guinan
Years of experience working at the Internal Revenue Service working Collection and Examination issues. Prepared tax returns of all types and worked on tax correspondence for CPA firms. I have a focus on certain tax topics in certain areas such as- Daily Fantasy Sports Taxation which includes handling of 1099-MISC forms received from various sites. This includes whether to go "professional" or stay as a "hobby" as prescribed in IRC 183. A growing trend in the arena is Staking where participants pool their resources and back an expert participant by buying "shares" of their action. This involves the issuance of 1099 forms to each participant if over a threshold.
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