IRS Accepting Comments re: W2G

[dwwright12]

It should be the same way here. Especially if you use a players card and can show that overall you put in more than you take out. However that makes too much common sense for the politicians in this country to allow that to happen here.

Yeah. The IRS won't accept the win/loss statements provided by the casinos as proof of losses here. Doesn't make sense. They seem to want to make it as hard as possible.

That money I'm taking to the casino has already been taxed. Would be nice to have a gov't that would let the free market stretch it's legs from time to time instead of stomping on its' throat.

Agreed. They seem to do the opposite of what it takes to get the economy rolling again. This bubble we're in now will soon burst. It might be bad next time.

[seemoreroyals]

I think we have got to do something. Don't know if IRS will listen to us but this would be a huge problem if this change is made to the $600 threshold for hand pays and nothing else. It would be a nightmare for casinos and players alike. I have been reading that one thing they are considering is a combination of this and cumulative play, tracked by players card, and if you get up by the $600 amount at the end of your play for any given day you will have a w-2g issued. I could live with that. In other words no more casino personnel coming over with their hands out every time you are fortunate enough to hit for $1200 or higher on an individual spin. I hope this is how it plays out and is probably the best we can hope for. The more of us that participate the better chance that something like this may be what ultimately happens when they get through with this issue.

My biggest fear with the IRS is sticking their noses into the comps that we all get. If you add up all the free airfare, food, drinks, rooms, concert tickets, free play, and everything else, imagine the IRS issuing each of us a w-2g for all that. How nice would that be to get a big fat w-2g from them for that. Think it can't happen, think again. If it wasn't for the lobbying action over the years on the part of the casinos it probably would have already happened.

So please, like Warren said, everyone take the time to participate in this process and let the IRS know how changing the hand pay threshold will affect you. The more collectively we contribute to the process, the greater the likelihood we will get an outcome we can all live with.

[treyster]

I posted mine. Went down the road of unintended consequences to bricks and mortar casinos if the reporting threshold is lowered.

[Katdancer]

Although this is a little off topic - I put in my info to the IRS in February for a refund from the taxes withheld from hand pays. We are still waiting for a letter or the refund....the recorded message said it may take 6 months. When I try the online search..."Wheres my refund", it says that I may not receive any or all of my withheld tax back. Excuse my language but WTF? Any other Canadians having this issue? I did have a certified IRS approved accountant do the work for. It has never been a problem before.

[Evoni]

I've submitted my comment on this very bad idea.

[Darlene]

I commented about what a horrible idea this is.

[twinslotaddicts]

Got your email from Coushatta and filled out the form.

Ang

[Warren]

Adding link to a page on our site that includes the link to the AGA petition, links to find your Congressman, etc... http://www.coushattacasinoresort.com...l-on-winnings/

[Kkirk777]

Thanks! I just posted.

[sondor]

Added my comment that it should be indexed up like everything else 401 limits, SSI, etc....