I am in favor of the IRS implementing session aggregation, which is an integral part of the new proposal. This change will reduce my W2-G total by around 50% whether they go to $600 or not, but your mileage may vary. I would be quite annoyed if they installed the $600 limit without going to session aggregation. The $600 limit for 1099's has been $600, and has never been adjusted for inflation. By the IRS way of thinking, they believe they have been giving casinos a break all these years when the limit has been $1200.
I have heard a lot of ranting about this proposal by people who have not read it or understood the implication of session aggregation. For me, it will be very favorable, but would slow down my play on $5 JB in those cases where another machine is not available to play after hitting quads.
[Non-text portions of this message have been removed]
Posted by: effend@yahoo.com
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (9) |
