Bumped from Augustus Tower

Sorry what is W9 i,m not up to all of these shorties

A W-9 means you have to pay taxes on your win . The casino takes your SS # and gives you a form showing your win, and then the IRS get a copy so you have to report it as "income". (unless you win/loss statement at the end of the year negates it)...i hope i explained that where it makes sense.

I had a great win at 3 card poker, had played the bonus (I will NEVER not play the bonus again), I had A,K,J of clubs and the dealer had the Q, 10...so I won 1,000 to 1 on the bonus plus my ante and pair plus.

it was an amazing win...we finally came back from a trip to Vegas with MORE $$ than we took.

A W-9 means you have to pay taxes on your win . The casino takes your SS # and gives you a form showing your win, and then the IRS get a copy so you have to report it as "income". (unless you win/loss statement at the end of the year negates it)...i hope i explained that where it makes sense.

I had a great win at 3 card poker, had played the bonus (I will NEVER not play the bonus again), I had A,K,J of clubs and the dealer had the Q, 10...so I won 1,000 to 1 on the bonus plus my ante and pair plus.

it was an amazing win...we finally came back from a trip to Vegas with MORE $$ than we took.

Caesars is bad on this - letting you book a nicer tower then denying you it at checkin. This happened to me twice in a row and I stopped booking Caesars because of it.

DaveOKC

apologizes for the double posting...not sure how I did that.

I am not sure why GWTW "got" a W-9. That is a taxpayer ID form. The appropriate form if you are US resident and/or citizen is a W-2G. That is the form used to report taxable gambling winnings. Have I missed something?

Fingerstim,
Sorry...I just pulled the form out of my travel receipts...it is a form W-2G - "Certain Gambling Winnings"...my mistake. It was a good win...my best win ever.

Congrats. Getting a W-2G is great (or at least the cash that accompanies the form is great) until time to do the taxes. If a person does not itemize they are screwed. If they do they risk not having documentation the IRS will accept regarding reporting gambling loses. The only good news is that very few people get audited. The reporting requirement ($1200 for gambling in general but $600 (at least 300-1) for a horserace/dograce, etc. win) has not been raised in who knows how long so inflation is making the reporting a little overbearing. In fact when I made $1600 (winning team) in a bowling tournament and my wife made $750 (2d in doubles) in a later tournament both of these winners were considered taxable prizes. In all the years I have bowled in tournaments I have probably paid that much in entry fees and after I FINALLY win something significant Uncle Sam takes a big bite. This is way off the subject of getting bumped from a hotel room but thanks for letting me vent a little. I do not mind paying my fair share but some of the myriad of tax laws go beyond the "fair share" axiom.

No problem...vent...I fear the tax issues may get worse.

You made me think of the first time we went to Vegas. We won a prize from a local radio station for a free trip to Vegas over New Years...i think it was 1991, maybe '92.

Included air fare for 2 from NC, hotel accommodations (Ballys) for 2 nights, and 2 VIP tickets to the New Year's eve show at Bally's with Billy Ray Cyrus (anyone remember "achy breaky heart"!! After the show we were invited to his suite where there were tons of music industry VIP's from around the country. We thought we were really something. That started this whole gambling thing for us...LOL

my point, sorry, was that we won the trip. and received a W-9 (or some tax form) and had to report the trip as income on our taxes that year. and because we won in mid-December and the trip was New year's the air fare was exorbitant, hotel room exorbitant rack rates...and we ended up paying more in taxes than a trip to Vegas would have cost us out of pocket. (But got to see The Dunes before it was imploded.)

That should been a wake-up warning but we just got back from our 47th trip.

You got a 1099-MISC which is issued when a person wins a prize valued at at least $600. I was shocked when I got mine for the bowling tournament. In fact I had already filed my return so I had to execute a 1040X and pay back some of my refund. You would almost think it costs more to enforce the Mickey Mouse portions of the voluminous tax code then the revenue brought in.