Island View withholds $ on a win of less than $1200
This past week a Canadian citizen in our group won $1152 on a jackpot. The Island View withheld over $300 in taxes. In Las Vegas, Detroit and Atlantic City if you win $1200 a W2-G is issued, if $1199...
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I have never heard of this happening. As far as I know if its less than $1199.00 you are not taxed. Also as far as I know Mississippi only holds out 3%, that would only be $34.56 on a jackpot of...
View ArticleRe: Island View withholds $ on a win of less than $1200
If this did happen, the person should have gotten a W-2G. You didn't say either way on that. If not, the employee was probably cheating the winner and management should be notified. If the paperwork...
View ArticleRe: Island View withholds $ on a win of less than $1200
Hard to say without knowing the full story.Found this tidbit on the web at:www.mstc.state.ms.us/taxa...atrons.pdfMESSAGE FROM THEMISSISSIPPISTATE TAX COMMISSIONNotice to Casino PatronsEffective...
View ArticleRe: Island View withholds $ on a win of less than $1200
Thanks for the feedback. I will contact the ombudsman to see if they actually saw the W2-G.
View ArticleRe: Island View withholds $ on a win of less than $1200
I think this has something to do with them being Canadian, and the fact that they would not be filing a US income tax return, so 30% tax is withheld from any income from the US.
View ArticleRe: Island View withholds $ on a win of less than $1200
Roseaxel, you have hit the nail I believe.Good article on subject...rose.casinocitytimes.com/...s/977.htmlThis is a part of the reading:The withholding rate for nonresident aliens is 30%. Not...
View ArticleRe: Island View withholds $ on a win of less than $1200
You know Rose and 2 step, what happened is probably right, but why did the casino even check if the jackpot was less than $1200.00, unless the $1100.00 and something dollars was AFTER they took out...
View ArticleRe: Island View withholds $ on a win of less than $1200
Charles, those are good questions. The second article would explain the 30 % but, like you were saying, why the tax anyway? Maybe were not hearing the full story. Its awfully close to $1200. I can...
View ArticleRe: Island View withholds $ on a win of less than $1200
2Step, this time tomorrow afternoon, if nothing happens, I will be in Biloxi, I hope I have to pay the 3% to the Great State Of Mississippi SEVERAL times. However, like you, I never have to worry...
View ArticleRe: Island View withholds $ on a win of less than $1200
Charles...by the time you read this, you have probably already been to the bank with deposits and Claire's pocketbook is lined with W2-g's..AND.. you're busy looking in the "yellow pages" for a CPA...
View ArticleRe: Island View withholds $ on a win of less than $1200
Actually, on another board that is frequented by Canadians and Brits, they often discuss this subject and guess what? They all have filed to recover the federal taxes withheld and got their money...
View ArticleRe: Island View withholds $ on a win of less than $1200
Hugh, I am reading this about 30 minutes before I wake Claire up, hope to be leaving in a couple of hours, all those W2G's are still in the casino hands.
View ArticleRe: Island View withholds $ on a win of less than $1200
Whew......Well, I'm glad it's all cleared up for those folks...
View ArticleRe: Island View withholds $ on a win of less than $1200
The ombudsman has decided not to inquire further. My own conclusion is that the person was upset about the Federal withholding and the State tax, since in Canada there are no taxes on winnings. The...
View ArticleRe: Island View withholds $ on a win of less than $1200
Sounds like they need to get a tax id and file a tax return. It may take several months but at least they would eventually get their money back.
View ArticleRe: Island View withholds $ on a win of less than $1200
Snowbird, you have nothing to apologize for.
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