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14 times out of every 16 the poor fellows got the bitter pill.Those 0 jackpots will not only trigger a tax form, but if you play another hour or two, your taxable winnings will probably be long gone by the losses you incur, and your tax liability will still be outstanding. The IRS is now floating a plan for a bigger share of your jackpots: the meager ones....
” A eureka thought if ever there was one.S. 14 times out of every 16 the poor fellows got the bitter pill....
It was near mayhem when they raised the price to .Earlier this year, as part of an expansive rewrite of gambling tax law, the IRS put forward the idea of lowering the mandatory reporting minimum for slot machines to 0.Those 0 jackpots will not only trigger a tax form, but if you play another hour or two, your taxable winnings will probably be long gone by the losses you incur, and your tax liability will still be outstanding....
The slot machines consisted of four arms. Although we caution readers not to try this at home. We understand that “mice”and “rats” are not interchangeable and apologize if anyone was offended....
Perhaps most interesting though is that when they got a bitter pill playing the low variance slot they immediately switched to the high risk machine far more frequently than the control group rodents.Yes, Bill, and it may get worse.Dear Mark: If the automatic W2-G reporting on a slot machine is for a jackpot of ,200, does that hold true for higher-denomination machines as well? Bill W....
