Modernized IRS regs helping players
The modernized regulations have reduced IRS withholding of winning wagers by more than $35 million, the NTRA estimates.
The modernized regulations have reduced IRS withholding of winning wagers by more than $35 million, the NTRA estimates.
A federal rule that would modernize how taxes on parimutuel winnings are calculated is nearing adoption, according to the Trump Administration.
The House Appropriations Committee today urged the IRS to “expedite final consideration” of a rule to modernize how parimutuel winnings are taxed.