Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Tigerkhan Short — Mon, 08 May 2023 04:23:45 +0000

I’m wondering if the casino will still try to get one’s ssn or driver’s license to report it to the IRS?

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Scott Roeben — Thu, 26 Jan 2023 21:46:20 +0000

In reply to Bill Millar. Yeah, I burned through a lot since winning the $10k. I save $100 now, just to give it a few spins, but it's not a particularly satisfying game when there's no bonus. Congrats on the hit at Aria.

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Bill Millar — Thu, 26 Jan 2023 20:55:38 +0000

I was able to play this machine at Circa on Monday this week. Went through my budget pretty quick playing 2 credits at $5. Definitely a high volatility machine and unfortunately didn’t make it to a bonus round. Ironically I hit a $1250 Gold Spin on a Wheel of Fortune machine at Aria later in the day and only got $875 cash and now have to wait until next year to file a non-resident return to get my $375 back. Sigh.

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Scott Roeben — Wed, 18 Jan 2023 22:25:20 +0000

In reply to Tony. Thanks. I'll pay more attention next time!

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Tony — Wed, 18 Jan 2023 18:05:31 +0000

In reply to Scott Roeben. Actually you are awarded the credits to wager those HLE spins so you will never run out of credits to wager if you trigger the bonus.

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Scott Roeben — Wed, 18 Jan 2023 07:20:34 +0000

In reply to Rafyy. Thanks. I would've done just that if I wasn't delirious from the win.

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Scott Roeben — Wed, 18 Jan 2023 07:19:18 +0000

In reply to Justin. Interesting! I actually didn't notice that. I'll have to watch again, thank you.

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Justin — Wed, 18 Jan 2023 06:04:29 +0000

When Scott hit the three Quick Hits, the machine gave him the ten credits ($100) to spin!

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

Rafyy — Wed, 18 Jan 2023 03:38:19 +0000

Since you were at 10480 you shouldve kept on playing till you were just under 10K because, 1. the machine was hot and 2. you wouldve gotten under the CTR limit. (plus, you get more player points) fyi for the next time. anyway, congrats scotty, i was smiling the whole time watching that video! i feel great for you!!!

Comments on: New Slot Machine Helps Players Avoid W-2G Tax Form Headaches

SG — Wed, 18 Jan 2023 00:02:46 +0000

I’ve never paid taxes on my winnings because it’s pretty easy to claim your losses. Imagine every time you hit that deal/draw button and it gives you nothing, that is a loss.