Einstein would have gone crazy trying to understand that the IRS expects you to report the “full” amount of gambling winnings as “Other Income,” on line 21 of Form 1040, and that you must ... Deducting Gambling Losses | Nolo It also makes no difference where you win: whether at a casino or other gambling establishment in the United States (including those on Indian reservations), in a foreign country such as Mexico or Aruba, on a cruise ship, Mississippi river boat, or at a gambling website hosted outside the U.S. As far as the IRS is concerned, a win is a win and ... Should I have a form W-2G if I won a cruise on a ship ...
Big M Casino is a 400-passenger casino ship that sails from Fort Myers Beach's Moss Marina. The casino cruise departs at 10:30 a.m. and returns at 4:30 p.m. and leaves ... Miccosukee Resort & Gaming in Miami is located just 25 minutes from ... over $1,200), your winnings are subject to a 30% withholding tax by the IRS.
Casinos Report Certain Winnings to the IRS Casinos, race tracks, state lotteries, bingo halls, and other gambling establishments located in the United States are required to tell the IRS if you win more than a specified dollar amount by filing a tax form called Form W2-G with the IRS. The IRS said I have wrong EIN number for the Carnival Cruise… The IRS said I have wrong EIN number for the Carnival Cruise Corporation> I won money in the casino and need the EIN number or they will not accept my taxes. Please help. I cannot locate the paper I received. How Are Gambling Winnings Taxed? | The TurboTax Blog How Are Gambling Winnings Taxed? ... All of these require giving the payer your Social Security number, as well as filling out IRS Form W2-G to report the full amount won. In most cases, the casino will take 25 percent off your winnings for the IRS before even paying you. ... I recently won $2240.00 on a cruise. I was paid on the ship and given ...
That 1099 is the report sent to the US IRS documenting your winnings (I had one just once ,,,LOL). You should keep your copy and file ...
How Are Gambling Winnings Taxed? | The TurboTax Blog All of these require giving the payer your Social Security number, as well as filling out IRS Form W2-G to report the full amount won. In most cases, the casino will take 25 percent off your winnings for the IRS before even paying you. Taxes on Winnings - FAQ - Wizard of Odds Home › Ask The Wizard › Taxes on Winnings - FAQ Taxes on Winnings - FAQ You seem to know a lot about on-line casinos. ... Yes, they are taxable. You are on the honor system to report the income. The casinos will not report any winnings to the IRS. It isn ... CruiseMates Cruise Community and Forums - Taxes on winnings?
I do not think you have to pay taxes on any winnings when on a cruise ship because the casino does not open until you are in international waters. That is way they close at U.S. ports of call. ...
If American drives to Canada & wins $13500 playing slots, does he ... If so, will guy be taxed again by the US IRS on April 15? ... As far as I am aware, Canada does not tax gambling winnings. The American, however, must declare the fact that he/she is carrying in excess of US$10,000 to .... Copa | ConnectMiles , Delta Air Lines | SkyMiles, EL AL | Matmid, Emirates | Skywards ... All In Against the IRS: Every Gambler's Tax Guide: Second Edition ... How gambling winnings are taxed;; When winnings are reported to the IRS by casinos;; When and how ... One of these items ships sooner than the other. ... When Remos filed his taxes for the year he didn't report the $50,000 win as income. .... Do you place a bet now and again when I visit Las Vegas, or go on a cruise? Why do you need to declare Casino winnings? - Ask a Cruise Question - Cruise Critic Community Why do you need to declare Casino winnings? If the ship is foreign flagged and the casino cannot open until international ... Monte Carlo, it is taxable. The only difference it appears is that only Carnival Corp gives out the W2G's and no other cruise lines does. 0 ...
General cruise casino question for anyone who knows. ... Did you declare and pay taxes, or is what you do on the cruise ship really none of their business? ..... the 30% is still withheld and has to be claimed back from the IRS.
What's The Deal With Cruise Ship Gambling? - Casino.org Blog Find out how far out to sea you need to go to gamble, how old casino players on cruise ships must be and who makes sure the cruise's casino games are fair.
One of the little know facts about the cruise industry is that it pays virtually no U.S. taxes. The cruise lines take advantage of an obscure provision in the U.S. tax code which permits shipping companies to evade taxes by incorporating overseas and flying the flags of foreign countries. That’s ... Everything You Need to Know About Cruise Ship Casinos