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Reschenthaler, whose state has become household to 1 of the biggest gaming markets in America, states the $one,200 slot jackpot IRS activator is highly-priced for casinos.

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“Shutting down slot equipment for reduced-greenback amounts, floods the IRS with outdated sorts that support nobody.” Titus claimed. “My Monthly bill, the SLOT Act, and the IRS Advisory Council’s modern suggestion to boost the threshold would cut back the paperwork stress on organizations and gamers while making sure our tax code reflects economic actuality.”

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“Updating an out-of-date gaming regulation is not merely a priority for my constituents in Las Vegas, It is just a commonsense take care of that affects the growth of lawful gaming in area and Tribal communities across the country,” Titus (D-NV) advised Casinos.com.

Now it looks as if passing the law is probably not required, because the IRS Advisory Council in November recommended upping the ground for wins that require an automatic W2-G filings.  

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