[vpFREE] Re: Proposed IRS Regulations

 

I'm confused! Where do we line up to get our "final" W2-g after a session with a win of at least $1200? Also, slot cards have not always been accurate.

Taken from AGA's summary


Single W-2G for a single gaming session. The casino no longer would have to issue multiple Form W-2Gs for reportable slot wins by a patron during the patron's same session (one calendar day). A single W-2G could be used for that session. Customer using player tracking can net total wins and losses from a single session (calendar day). Notice 2015-21 provides this as an optional safe harbor method for the patron and invites comments on a number of issues described in the Notice.




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Posted by: staninnv@yahoo.com
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[vpFREE] Re: Proposed IRS Regulations

 

> Instead of worrying about gambling winnings where virtually every recreational gambler loses each year the IRS should be focusing all their resources on fraudulent refund claims.


Unfortunately, talking about what the government SHOULD be doing versus what it IS DOING is a waste of time. We have the government that we have because it has been voted in. Many, as individuals, see this and try to make a difference, but the vast majority ... well, who knows why they vote the way they do. <sigh>


..... bl


P.S. Probably NOT a proper subject for vpFREE discussions.

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Posted by: bornloser1537@yahoo.com
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