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Author Topic: Tax In poker Comps Atlantic City  (Read 1485 times)
paulqs
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« on: December 19, 2014, 03:43:52 PM »

This is my first post , been a lurker for years mainly read Alex and Plenos blogs .
I am staying at the Borgata in  Atlantic City , on Wednesday , I did a chop in the $100 competition .
They place me first , because the Card Manager says I don't have to pay tax , then go to the cage and
they take or want to take 35 % off for tax purposes .
They say I need some ITCN ?? number which is ten digit ?? So I make one up ( as you do ) and then he
still says I must pay tax , then after a lot of talking the guy in the cage pays me the full amount .
I go to the Card room the next day , talk to the guys who run it and they give me conflicting Information ,
can anyone give me advise ??
Only got 4 days left but would like to play a few comps , but not at 20 % Rake , 35 % Tax lol
Appreciate any assistance , and thanks to Alex and Pleno for great blogs , good luck to you both
paul
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doubleup
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« Reply #1 on: December 19, 2014, 04:15:10 PM »

No one in this forum has ever won a comp, but apparently you show your passport and fill in form 1042-S and you shouldn't get any withholding.

btw So I make one up ( as you do ) was very silly and technically fraudulent.
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TightEnd
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« Reply #2 on: December 19, 2014, 04:19:11 PM »

Next time you go, make sure you have an ITIN number in advance

(there is a 30% withholding tax for domestic players but the UK has a tax treaty and UK residents are exempt. In order not to have the 30% withheld you will need to produce your UK passport AND your ITIN number.)

as doubleup says, venues should enable you to get an ITIN post any cash, but it can be a hassle
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« Reply #3 on: December 19, 2014, 04:59:27 PM »

I actually cashed a tournament at the Borgata in 2007 before I had an ITIN number and had ~$1k withdrawn for taxes.

I was able to apply for it back, I actually did it 3 years afterwards and the Borgata were super helpful in helping me sort it out.
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paulqs
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« Reply #4 on: December 19, 2014, 06:25:57 PM »

Thanks for the advice , I did not want to put a fraudulent  number down , But  it was quite complicated as
two people had left with the money , so would have been out of pocket quite a bit
So I basically just play and then If they take the tax apply for it back yes ??
I take it to late to get a number now , and where do you apply please
thanks a lot
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doubleup
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« Reply #5 on: December 19, 2014, 06:32:15 PM »


As I said the casino should complete 1042-S and give you all the money, you will get the ITIN through the post for your next visit.

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paulqs
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« Reply #6 on: December 19, 2014, 06:58:41 PM »

Thank you double up will do that , thanks for your help
appreciated
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