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What is a reasonable amount to pay a company to get back your withheld tax from a casino?
Wiki User
∙ 15y ago
Pay nothing...scam! No one can get any money "back" that you can't get yourself. Any money withheld on gambling winnings is done according to the ax laws. They are on deposit under your SS# and are available as a credit toward the tax you may owe on those winnings, when you file your return (which must show that income as it has already been reported to the IRS by the Casino). Hec, if anyone actually got any refunded to you...when you had to pay the tax on it to the IRS ou would simply be returning it to them...and all that you'd accomplish is adding fees to your tax payment.
Wiki User
∙ 15y ago
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Tax refund on winnings in casino?
There is income taxes due on winnings at a casino. The only way you could get a refund on such winnings is that taxes are withheld from your winnings that exceeded your tax liability.
What is casinoCasino is a great earning platform where people invest their money to get high amount. So The Casino is the great method to earn.for that huge of people like to play to casino site?
Casino is a great earning platform where people invest their money to get high amount. So The Casino is the great method to earn.for that huge of people like to play to casino site
What is the name of casino company?
You're not being very specific.
Must you report casino wins of any amount if collecting unemployment insurance in Michigan?
No, you do not have to report any amount of casino, lottery, bingo....winnings in Michigan if collecting unemployment insurance...it is an unearned income.
How much money could one win at the Silver Dollar Casino?
Silver Dollar Casino is an online gambling website that lets one play casino games with real money. There is no limit listed regarding the amount of money that one can win at this website. However, there is likely a minimum amount of winnings required to cash out at Silver Dollar Casino.
What are the contact details for the online English harbor Casino?
Unfortunately, the English Harbor Casino can no longer be contacted. The company which owned the casino, E.H. Gaming Ventures, closed all of its casinos in 2011.
What is the amount of the highest free casino bonus on a deposit?
The amount of free casino bonuses available on a single deposit are extremely variable and always changing. Regardless of the bonus, however, all online casinos require that the bonus money be wagered a certain amount of times prior to withdrawal. That is, the casinos force you to subject the bonus to unfavorable casino odds.
What are the release dates for Moyers and Company - 2012 Zombie Politics and Casino Capitalism 2-38?
Moyers and Company - 2012 Zombie Politics and Casino Capitalism 2-38 was released on: USA: 24 November 2013
What is rated play at a casino?
Rated play is when your gaming action is being tracked on a players card. The casino will record your bet size, hours played, amount won or lost, buy-in amount, and so on. This is tracked mainly so that the casino can determine what to give you in comps to keep you coming back.You can increase comps by appearing to be worth more to the casino. There are some great tips on increasing comps at BlackjackClassroom.com
What is the tax amount owed on 5400.00 won at a Oklahoma Indian Casino?
Gambling winnings are ordinary income. You will pay taxes at whatever rate is determined by your total taxable income, after all deductions and credits, etc. If you can itemize, gambling losses are 100% deductible up to the amount of winnings. Don't forget those lotto tickets.The only way to recover the amount withheld, which is just an estimate to protect and assure the Gov't you report and pay, is to file your return and show the amount paid in as a pre-payment.
Which country is the JackpotCity casino based in?
The JackpotCity Casino is based in the country of Malta. The owning company Digimedia Ltd, is licensed by the Maltese government's Lotteries and Gaming Authority.
Does a casino hold out any taxes from your winnings or do you fill out a form?
It depends on how large your winnings are. In most cases you are issued a W-2G form showing the amount of your winnings, this is reported to the IRS and you must list it as other income on your taxes. In the case of some very large jackpots ( in the +$500,000 range) a portion of your winnings can be withheld on the spot by an IRS representative.
