Potential IRS Proposal Could Cost States Millions of Dollars in Gaming Revenues
Washington, DC – The American Gaming Association (AGA) is expressing serious concerns with a potential Internal Revenue Service (IRS) proposal that could aim to reduce the tax reporting thresholds for casino visitors from $1,200 to $600 for gaming winnings. The IRS issued proposed regulations and an official Notice updating the tax information reporting rules for players’ slot winnings (as […]