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Old 03-06-2011, 08:37 AM
Port Conway Lane Port Conway Lane is offline
Randwyck
 
Join Date: Apr 2007
Posts: 1,463
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Quote:
Originally Posted by herkhorse View Post
Is this true? If it is, and someone has ten .50 tickets worth say 550.00 each, does the IRS come knocking on their door demanding the taxes up front?
The ADW provider will withold the taxes.
Quote:
Originally Posted by Kasept View Post
If you are going to use the cashing at different windows gambit, you better BUY the tickets at several different machines. The imprinting on the tickets identifies the unit that punched them. If there were 10 plays at minimum and they were all punched at the same machine, self serv or not, the pattern is easily identified. It can be deduced that the same person person bought all of them in the specific attempt at tax avoidance. A couple years ago, the state government forced NYRA to send a letter to players that similar efforts with online accounts would have to be reported.
I would think it would be more difficult to enforce witholding on these tickets.
This would require that an attempt to cash any of them would send a red flag to the teller immediatly.

Thanks for the heads up.
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