kcace1024 wrote: "I read the IRS proposal and I believe most posters do not understand the proposal."
"However, advances in technology in the nearly four decades since the existing rules were adopted may overcome the compliance concerns that prompted the higher reporting thresholds and may warrant reducing the thresholds for bingo, keno, and slots to $600, consistent with other information reporting thresholds under § 6041(a)."
http://www.regulations.gov/#!documentDetail;D=IRS-2015-0006-0001 http://www.regulations.gov/#!documentDetail;D=IRS-2015-0006-0001
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Posted by: nightoftheiguana2000@yahoo.com
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