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The Chip Board Archive 17

Re: The "Host" Must Report
In Response To: Re: Read section 6 ()

Good Morning Glenn,
If the agent or host (casino) fails to report as required by IRS section 3402Q,(issuing a W2G for $5000 or more) section 6 of the Rev Proc CAN NOT be invoked. In other words all backup withholding and penalties WOULD apply.
I hope this helps.
Perlowski

Messages In This Thread

NCR: New IRS withholding rules for poker tourneys
Re: Read section 6
Re: Read section 6
Re: The "Host" Must Report
Re: Who Said That?
Re: Well, It Did Not...
Re: Who Said That?

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