Aggregate tax liability in wagering
First Claim
1. A method comprising:
- receiving, via a processor, an indication from a gaming device of a start of a gaming period, in which a plurality of games are played by a player during the gaming period, in which the processor and the gaming device are in communication over a network;
receiving, via the processor, an indication of an end the gaming period;
monitoring, via the processor, an amount of the player'"'"'s winnings and losses for each game played;
computing, via the processor, a total winnings and a total losses incurred by the player during the gaming period;
computing, via the processor, an aggregate amount that comprises a summation of the total winning and the total losses during the gaming period;
determining, via the processor, a location of the gaming device;
based on the location of the gaming device, determining, via the processor, at least one jurisdiction that governs the aggregate tax liability;
computing, via the processor, the aggregate tax liability based on the aggregate amount and the at least one jurisdiction; and
while (1) receiving, via the processor, an indication that the player is playing the game via the gaming device, and (2) after receiving, via the processor, the indication from the gaming device of the start of the gaming period and (3) before receiving, via the processor, the indication from the gaming device of the end of the gaming period;
(a) automatically determining that the aggregate tax liability exceeds a tax threshold for the at least one jurisdiction and (b) automatically generating an electronically generated tax document that is electronically authorized by the player for transmission to a computing device of a tax authority.
1 Assignment
0 Petitions
Accused Products
Abstract
Methods, apparatus and article of manufacture for computing an aggregate tax liability at a gaming device comprises receiving an indication from the gaming device of a start and end of a gaming period. A plurality of games are played by a player during the gaming period. The amount of the player'"'"'s winnings and losses for each game played is monitored. A total winnings and a total losses incurred by the player during the gaming period is computed, and an aggregate amount that comprises a summation of the total winning and the total losses during the gaming period is also computed. Based on the location of the gaming device, determine a jurisdiction that governs the aggregate tax liability. Compute the aggregate tax liability based on the aggregate amount and the jurisdiction.
100 Citations
16 Claims
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1. A method comprising:
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receiving, via a processor, an indication from a gaming device of a start of a gaming period, in which a plurality of games are played by a player during the gaming period, in which the processor and the gaming device are in communication over a network; receiving, via the processor, an indication of an end the gaming period; monitoring, via the processor, an amount of the player'"'"'s winnings and losses for each game played; computing, via the processor, a total winnings and a total losses incurred by the player during the gaming period; computing, via the processor, an aggregate amount that comprises a summation of the total winning and the total losses during the gaming period; determining, via the processor, a location of the gaming device; based on the location of the gaming device, determining, via the processor, at least one jurisdiction that governs the aggregate tax liability; computing, via the processor, the aggregate tax liability based on the aggregate amount and the at least one jurisdiction; and while (1) receiving, via the processor, an indication that the player is playing the game via the gaming device, and (2) after receiving, via the processor, the indication from the gaming device of the start of the gaming period and (3) before receiving, via the processor, the indication from the gaming device of the end of the gaming period;
(a) automatically determining that the aggregate tax liability exceeds a tax threshold for the at least one jurisdiction and (b) automatically generating an electronically generated tax document that is electronically authorized by the player for transmission to a computing device of a tax authority. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. An apparatus comprising:
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a processor; and a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to; receive an indication from a gaming device of a start of a gaming period, in which a plurality of games are played by a player during the gaming period; receive an indication of an end the gaming period; monitor an amount of the player'"'"'s winnings and losses for each game played; compute a total winnings and a total losses incurred by the player during the gaming period; compute an aggregate amount that comprises a summation of the total winning and the total losses during the gaming period; determine a location of the gaming device; based on the location of the gaming device, determining, via the processor, at least one jurisdiction that governs the aggregate tax liability; compute the aggregate tax liability based on the aggregate amount and the at least one jurisdiction; and while (1) in receipt of an indication that the player is playing the game via the gaming device, and (2) after receipt of the indication from the gaming device of the start of the gaming period and (3) before receipt of the indication from the gaming device of the end of the gaming period;
(a) automatically determine that the aggregate tax liability exceeds a tax threshold for the at least one jurisdiction and (b) automatically generate an electronically generated tax document that is electronically authorized by the player for transmission to a computing device of a tax authority.
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16. An article of manufacture comprising:
a computer-readable medium that is non-transitory, in which the computer-readable medium stores instructions which, when executed by a processor, direct the processor to; receive an indication from a gaming device of a start of a gaming period, in which a plurality of games are played by a player during the gaming period; receive an indication of an end the gaming period; monitor an amount of the player'"'"'s winnings and losses for each game played; compute a total winnings and a total losses incurred by the player during the gaming period; compute an aggregate amount that comprises a summation of the total winning and the total losses during the gaming period; determine a location of the gaming device; based on the location of the gaming device, determining, via the processor, at least one jurisdiction that governs the aggregate tax liability; compute the aggregate tax liability based on the aggregate amount and the at least one jurisdiction; and while (1) in receipt of an indication that the player is playing the game via the gaming device, and (2) after receipt of the indication from the gaming device of the start of the gaming period and (3) before receipt of the indication from the gaming device of the end of the gaming period;
(a) automatically determine that the aggregate tax liability exceeds a tax threshold for the at least one jurisdiction and (b) automatically generate an electronically generated tax document that is electronically authorized by the player for transmission to a computing device of a tax authority.
Specification