CCH Tax Day Report The IRS has issued proposed regulations under Code Sec. 3402(q) regarding income tax withholding on certain payments of gambling winnings from horse races, dog races, and jai alai. The proposed rules affect both payers and payees of the winnings subject to withholding under Code Sec. 3402(q). The proposed regulations amend the […]
The post Proposed Regulations Address Withholding on Gambling Winnings from Parimutuel Betting (NPRM REG-123841-16) appeared first on Tax & Accounting Blog.