Is An IRS Change In Slot Machine Jackpot Thresholds Really Coming?
The IRS Advisory Council recently recommended that the threshold figure should be raised from $1,200 to $5,800.
Source: cpapracticeadvisor.com
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Is a change in slot machine jackpot thresholds really coming? | Inside Gaming | Business
It’s been 47 years since the IRS established $1,200 as the level at which W2G tax forms are issued. Is that dollar amount finally about to change?
Source: reviewjournal.com
IRS Advisory Council backs Nevada reps' push to raise outdated slot tax reporting threshold on jackpots
Threshold unchanged since 1977
Source: yogonet.com
Bipartisan House lawmaker pair aims to keep IRS at bay from slot machine winnings
Nevada is the only state with no significant restrictions on where slot machines can be located.
Source: washingtonexaminer.com
Las Vegas, Casinos, Gamblers Get Huge IRS News (Jackpot)
Don't want to tell the IRS about your jackpot from the casinos? You may not have to (which Caesars, MGM, and others should love).
Source: thestreet.com