Re: WSOP & the IRS.
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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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i have no doubt you are correct and i much appreciate the last 6 posts --- finally some very intelligent responses.
btw the IRS tax code and the US Patriot Act both suck.
i have the equivalent of USD35m ( gambling winnings ) in cash or kind in another country that is extremely difficult to get into an offshore bank a/c ( or even in the country of origin ).
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