Gambling taxes on your winnings are now now not exempt. Whenever you are a U.S. citizen you owe Uncle Sam a share, regardless if obtained here or in a foreign nation. The IRS considers all playing winnings taxable profits, although it be an amount that doesn’t gain reported to the IRS by the payer, love that $20 possess finish on a scratch off tag, or a lucky $250 when your numbers hit, even a $1,000 jackpot on your favourite slot machine. Sadly, playing taxes are due.
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