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#1
04-22-2015, 05:10 AM
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SUPPORT: Tax Withholding Comment Period Opens..
The campaign to support the change in the winnings withholding has started.. Follow the link to the NTRA's form letter that will go to Treasury & IRS.
http://www.ntra.com/en/legislative/t...modernization/ The U.S. Treasury and Internal Revenue Service have requested comments from interested parties regarding proposed updates to regulations for withholding and reporting of winning pari-mutuel wagers that could have a positive impact on horseplayers and all segments of the horse industry. The current withholding and reporting regulations need to be modernized to accurately and fairly reflect the realities of wagering today. Such an update would not only increase wagering revenue for horseplayers, racetracks and horsemen but also generate new tax revenue for government.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. 
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