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Is a change in slot machine jackpot thresholds really coming? | Inside Gaming | Business

It’s been 47 years since the IRS established $1,200 as the level at which W2G tax forms are issued. Is that dollar amount finally about to change?

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IRSAC seeks nominations, establishes fairness subcommittee

IRSAC seeks nominations, establishes fairness subcommittee
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United statesTaxpayer servicesLarge business internationalSubcommittee on fairness in tax administrationTreasury advisory committee on racial equityRevenue service advisory councilTax administrationAdvisory committeeRacial equityInformation reportingLarge businessGovernment entities

IRS Describes Activities of Advance Pricing and Mutual Agreement

IRS Describes Activities of Advance Pricing and Mutual Agreement
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Weekly IRS Roundup April 15 – April 19, 2024 | McDermott Will & Emery

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 15, 2024 – April 19, 2024.

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IRS Advisory Council backs Nevada reps push to raise outdated slot tax reporting threshold on jackpots

Threshold unchanged since 1977

United statesDanny werfelRevenue service advisory councilGuy reschenthalerDina titusCongressional gaming caucusShifting limitsInternal revenue service advisory council

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