Thread: WSOP & the IRS.
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Old 07-16-2005, 04:01 PM
Russ Fox Russ Fox is offline
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Join Date: Jun 2004
Posts: 211
Default Re: WSOP & the IRS.

Well, then Harrah's was wrong.

I know that Ireland & the US have a tax treaty exempting gambling income from withholding (I did some work a couple of years ago for a referral client on this). If Mr. Black presented his passport and the appropriate cite from the tax treaty nothing should have been withheld. Mr. Black probably could still get his money back by complaining through an EA, CPA or tax attorney (to Harrah's).

The withholding rate for non-US citizens is 30% (when required). For US citizens, it's 25% (unless you refuse to show/give your SSN, then it's 28%), when required.

-- Russ Fox
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