Geoff Freeman, CEO of the American Gaming Association, expressed his opposition of the government’s plan to track player loyalty cards for electronic tax reporting purposes.
Freeman said, “While we recognize the IRS’ concerns and objectives, we question the need to impose mandatory, across-the-board use of the player-tracking tool for tax reporting purposes.
“Rather than mandating across-the-board use for tax reporting, we believe a more targeted approach is possible for achieving the IRS’ objective.”
Freeman suggested the possibility of a voluntary electronic player tracking system to be used for slot tax reporting.
The Association also opposed the IRS proposal to require tax reporting on land based winnings of $600 rather than the current $1,200 threshold. There have been 13,000 objections to this proposal since it was presented in March.
sharpe
8 years ago
As we know the only sure things in life are death and taxes, but in this case I'm with the opposition. Players didn't have to pay taxes on their winnings I think. Most of the times players looses their money against the casino anyway.Their money were taxed once when the people received their paycheck's and it's doesn't...
As we know the only sure things in life are death and taxes, but in this case I'm with the opposition. Players didn't have to pay taxes on their winnings I think. Most of the times players looses their money against the casino anyway.Their money were taxed once when the people received their paycheck's and it's doesn't seems logical to me to be taxed second time when they risking them at gambling sites.
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jade
8 years ago
That damn IRS, what are we gonna do with them people. Luckily, there is a lot of opposition to them creeps. I don't think anybody likes the IRS. Not even the richest people in the USA. There is some candidate for president that said if he were elected, the first thing he would do is abolish the IRS. Sounds good to me. I...
That damn IRS, what are we gonna do with them people. Luckily, there is a lot of opposition to them creeps. I don't think anybody likes the IRS. Not even the richest people in the USA. There is some candidate for president that said if he were elected, the first thing he would do is abolish the IRS. Sounds good to me. I don't think the IRS is going to get there way on this one. No, I don't think so......
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