Timeline for Tax on gambling winnings with social security number
Current License: CC BY-SA 3.0
21 events
| when toggle format | what | by | license | comment | |
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| Feb 16, 2018 at 20:50 | vote | accept | jakson | ||
| S Feb 14, 2018 at 12:50 | history | suggested | Rodrigo de Azevedo | CC BY-SA 3.0 |
Minor improvements
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| Feb 14, 2018 at 12:34 | review | Suggested edits | |||
| S Feb 14, 2018 at 12:50 | |||||
| S Feb 14, 2018 at 3:36 | history | edited | Brythan | CC BY-SA 3.0 |
edited body
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| Feb 13, 2018 at 20:57 | review | Suggested edits | |||
| S Feb 14, 2018 at 3:36 | |||||
| Feb 13, 2018 at 16:33 | comment | added | Fattie | A great answer, thanks for that "real world" information ! | |
| Feb 13, 2018 at 16:21 | comment | added | jakson | @jon i was not with him when that happen. he told me it happened 4 months ago. | |
| Feb 13, 2018 at 13:57 | comment | added | chux | "out accept for your own." --> "out except for your own." | |
| S Feb 13, 2018 at 11:15 | history | suggested | Andrew T. | CC BY-SA 3.0 |
copyediting
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| Feb 13, 2018 at 10:26 | comment | added | Jon | The thing is, the original holder of the ticket was trying to get the ticket cashed without it being documented to him. That's laundering. The roommate was a party to that, that's a problem if this comes up on radar. | |
| Feb 13, 2018 at 10:11 | comment | added | TTT | @Jon I don't think it's possible to launder money with a winning ticket (because it's extremely clear where the money came from). Chips could be laundering money, but chips typically aren't taxable. | |
| Feb 13, 2018 at 6:44 | comment | added | Martin Bonner supports Monica | @D. Stanley, it's not clear if the $100k was the winnings (in which case the friend got $20K, the scammer got $50K, and the casino get $30K for the taxes), or if the $100K was split between the friend and scammer, and the casino kept $43K for the taxes out of an original $143K. | |
| Feb 13, 2018 at 5:04 | comment | added | user2813274 | @jakson it means that the 30k is withheld as an estimate, and when you file your taxes you will know exactly if it was over or under and then settle the difference | |
| Feb 13, 2018 at 4:53 | comment | added | Jon | @jakson Your friend should and you should also realize that the guy whom he cashed out the ticket for was laundering money, felony stuff and your friend participated in it for his own gain. It may be nothing happens, however your friend needs advice way beyond the scope of us amateurs here to get any good ideal of what the potential for liability is here. He should take a little dough and consult a lawyer. | |
| Feb 13, 2018 at 3:58 | review | Suggested edits | |||
| S Feb 13, 2018 at 11:15 | |||||
| Feb 13, 2018 at 2:37 | history | edited | JohnFx♦ | CC BY-SA 3.0 |
deleted 1 character in body
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| Feb 13, 2018 at 2:21 | comment | added | jakson | does that mean the 30k is not the tax? that 30k withheld is used as deduction but he will still have to pay taxes from the 70k that he got from the casino? | |
| Feb 13, 2018 at 2:13 | comment | added | D Stanley | @jakson - no it means taxes were withheld from the winnings. When he files his taxes he'll report another $100k in income and get a credit for the $30k in tax that was withheld. Assuming he's not charged with tax fraud... | |
| Feb 13, 2018 at 2:07 | comment | added | jakson | what do you mean by obligated to withhold thirty percent. i talk to him and he said that the casino indeed took 30% does that mean they already pay the taxes? | |
| Feb 12, 2018 at 21:33 | review | First posts | |||
| Feb 13, 2018 at 0:32 | |||||
| Feb 12, 2018 at 21:30 | history | answered | JW from Las Vegas | CC BY-SA 3.0 |