Sportsbooks reporting winnings?

[bedada]

I heard that when you win in Vegas you have to fill out paperwork that goes to the government for taxes. Does that happen with overseas books? If so, how does it work? Do they send a 1099 or some form?

Thanks

[BurtRapp]

Agent Bedada all players here file the proper tax papers at the end of the year

[bigboyfosho]

everyone reports their taxes

[THEGREAT30]

Gtfooh

[StraitShooter]

Ive never won so there is nothing to report

[Skidcom]

Let your conscience be your guide...

[rm18]

You guys reporting your SBR points income?

[SBR_John]

No. No offshore sportsbook or casino will issue an American a 1099.

However, the IRS can determine you received gaming money depending on your withdraw method. If you withdrew a lot more than you can prove you deposited you need the advice of a good tax attorney or CPA.

[Jimmy0607]

Hoe many times has tis question been asked?

[jgray]

No. No offshore sportsbook or casino will issue an American a 1099. However, the IRS can determine you received gaming money depending on your withdraw method. If you withdrew a lot more than you can prove you deposited you need the advice of a good tax attorney or CPA.

How???

[tltaylor89]

Offshore books do not issue those they try to avoid tax questions all together .Would you like to deposit with us today?