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Q: How do I get a personal win-loss statement from foxwods casino?
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What is tax id number for choctaw casino?

21-73451233


How much are taxes on 250000 DOLLARS?

What will the amount of federal taxes in NH taken out of winnings of 250000.00? Winnings are like any other "ordinary income" (although provable losses are deductible against the winnings). You pay tax at your own personal effective rate, (different for everyone) after deductions, exemptions, other earnings, state taxes depending on all these things at for your State (that then becomes an additional deduction against your ordinary income for Federal), etc. The amount that may be withheld from your winnings at a casino or race track or such, is like any withholding, only an estimated amount of what you actually might pay at tax time.


Taxes on winning 25000?

Winning - of any type - (casino, lottery, game show) are the same as any other earnings...and will be taxed federally and locally as any other income of that amount would be. (That of course depends on many things - your other income, or lack, number of dependents, number of deductions, etc. etc.) It cannot be considered a capital gain income...tried and failed by many. If you are a professional gambler, the answer may be different.


If a person collects a lump sum on their 401k after leaving a job and gives it as a gift to their spouse are they still required to pay taxes on it?

Absolutely. Taxes AND Penalty for early withdrawal. (Only transfers to another qualified account avoid tax and penalty....this is normally explained to you many times by those administering it). You never paid taxes on the money going in or as it (presumably) grew...you must as it comes out. What you do with it, give it to a spouse, a casino or a toilet makes no difference.


How much tax would you pay on 100000.00 in contest winnings in Colorado?

As answered at least a zillion times here and part of the databank: How much you pay ultimately depends on your own tax situation and tax rate. There is no specific rate or category for income from types of gambling. The withholding (like from a payroll, as an estimate of the tax) required at the casino is normally a minimum of 20%, but can depend again on your situation too. It is NOT the amount you pay...just a payment in advance to assure the amount you owe is paid. Lottery and Gambling winnings are taxed like any other income. That amount, or percent, of course changes with everyones personal situation, other income, expenses, deductions, exemptions, STATE (and state income tax is a deduction to Federal taxable income, so that changes many things), dependents, etc. It is fair to say that 2 people, winning the same lottery would normally pay different amount of taxes. Proveable losses are deductible against winning, so keep those losing lottery tickets! Many people have tried to claim the winnings as Capital in nature, for the lower tax rate. The courts have denied that in each case. If you are a professional gambler, the tax handling may change, as it is income from self employment...there are both good and bad aspects to this.

Related questions

What is Stations Casino's mission statement?

go beyond the best


What is the salary of a casino owner?

That is something only he truly knows, that is sort of personal.


How to apply belle grande hotel casino?

To apply for Belle Grande Hotel Casino, simply apply through their website.


Should the apache tribe of Oklahoma use casino or tax money for personal use?

NO


Can you sue an Indian casino for personal injury?

Why not? Whoever causes an injury should be sued.


What are casino banks?

I am not sure if I understand the question correctly or not, however I think you are referring to payment processing for casinos? There are a lot of options on how to fund casino accounts, as well as how to withdraw money from your casino account into your personal bank. Following are a few options that you can consider to meet your casino banking needs. Good luck!


Where can casino games for download be found?

Casino games can be found on several different sites, the most popular seems to be Game house. This site gives you many different options to chose from based on your personal taste.


Win loss casino statements?

Normally, you can contact the casino and request to have a win/loss statement mailed to you.


What is casino in French?

Casino is a casino. There are many online casinos in France, but Korea has the most famous Woori casino. Our casino has 우리카지노. Experience a safe and enjoyable casino. https://camo32.com


Where is Grosvenor Casino located?

Grosvenor Casino is the largest casino in the state of Oklahoma. The town in which it is located in is of course Grosvenor. It is the largest casino in Oklahoma.


Can a Florida casino request a government issued ID to claim a slot machine win?

If the slot machine win is $1,200 or more, the casino (anywhere in the US) is required by federal law to issue a W-2G statement (a tax document). The regulations require the casino to document the ID and Social Security Number of the individual who won the jackpot. If you cannot provide this information at the time of the jackpot, but casino will hold the funds until you can provide the proper ID, i.e.; a government issued ID. Failure to comply will (and has) lead to severe fines for the casino.


Who is albie casino's brother?

adam casino