If your organization is involved in lawful gambling, this publication
was written for you.
The IRS not only explains what you have to do, it also provides
good
descriptions of exceptions to the unrelated business income tax that
may
exempt you from paying income tax.
It also explains your recordkeeping responsibilities and includes
examples of spreadsheets to help you with required records.
The publication can be downloaded from the IRS Internet Web page
at
http://ftp.fedworld.gov/pub/irs-pdf/p3079.pdf or you can call the IRS
at
1-800-TAX-FORM (1-800-829-3676). Every organization should get a copy
of
Publication 3079.
Though this, like many other IRS publications, is a good introductory
guide to the topic covered, it is not a substitute for the well-reasoned
professional advice you receive from your Accountant or Tax Attorney.