|
|
|
 |
|
11-12-2004, 12:03 PM
|
|
Member
|
|
Join Date: Mar 2004
Trips To Vegas: 666
Posts: 64
|
|
Is this really true? Social Security Card and Jackpots
One of my friends told me if you win a jackpot, you need a form of identification which shows your social security number for tax purposes. If you don't have it, you forfeit your prize. Is this true? I am staying at the Paris over NYE and want to make sure I have everything I need with me.
|
Login or Register to remove this ad.
11-12-2004, 12:07 PM
|
 |
Super Member
|
|
Join Date: Jun 2004
Location: west hartford, CT
Posts: 2,470
|
|
You have to fill out a W-2 tax form for any single winning over 1,200.00. You could say, win a million dollars total and not pay a dime in taxes if each and every win was under 1,200.00.
__________________
The next time I get to thinkin' about buying some woman a diamond, a car, etc. I wish somebody would just come up and give me a good hard kick in the 'nads. It'd be cheaper and less painful. Single and Broke....again.
|
11-12-2004, 12:14 PM
|
 |
Moderator
|
|
Join Date: Nov 2004
Location: So Cal 91748
Trips To Vegas: 300
Posts: 8,793
|
|
The IRS form W2-G is issued to players and is also sent to the IRS by the casino for certain gambling winnings: (1) winnings of $600 or more from state lotteries, horse racing, dog racing or jai alai and other wagering transactions, if the winnings are at least 300 times the wager; (2) winnings of $1,200 or more from bingo and slot machines; (3) winnings of $1,500 or more from keno, less the amount of the tickets bought on the winning game; (4) winnings of $600 or more from horse racing, dog racing or jai alai, if the winnings are at least 300 times the wager.
|
11-12-2004, 12:31 PM
|
|
Member
|
|
Join Date: Mar 2004
Trips To Vegas: 666
Posts: 64
|
|
Thanks for the feeback, however I am still confused. Do I need to bring my social security card with me to Vegas or do I just need to know my number?
|
11-12-2004, 12:41 PM
|
 |
Senior Member
|
|
Join Date: Mar 2004
Location: Las Vegas
Posts: 1,028
|
|
Quote:
Originally posted by RamBill:
You have to fill out a W-2 tax form for any single winning over 1,200.00. You could say, win a million dollars total and not pay a dime in taxes if each and every win was under 1,200.00.
|
Not entirely true. For transactions that total over 10k they have to fill out a CTR (Currency Transaction Report). This can be on a single or a combined win. Also if a sports bettor or a keno bettor places a dollar bet and wins like $500 (for got the exact math in the calculation) a w2g has to be filed. Man I forgot all my Reg6A traning.
[ November 12, 2004, 02:43 PM: Message edited by: vegashost ]
|
11-12-2004, 12:52 PM
|
|
Moderator
|
|
Join Date: Nov 2004
Location: So Cal 91748
Trips To Vegas: 300
Posts: 8,793
|
|
They have ALWAYS asked for my Social Security card. I love IRS signups. It means I am winning.
|
11-12-2004, 01:33 PM
|
|
Member
|
|
Join Date: Nov 2003
Posts: 80
|
|
I had to fill out a few w2's, but never had to show my SS card as proof. They may ask for photo ID such as driver's license.
If you win big... don't forget to ask if they can comp a nice dinner or give you a room upgrade! Never hurts to try....
__________________
Drink - Play - Laugh - Win!!!
 Getting married! Any excuse to go to Vegas!
|
11-12-2004, 01:56 PM
|
 |
I am IN!
|
|
Join Date: Sep 2002
Location: Idaho
Trips To Vegas: 14
Posts: 6,356
|
|
It is unrealistic to expect somebody to carry a copy of their social security card. State / Federal issued ID is good enough.
|
11-12-2004, 01:57 PM
|
 |
Grammar Police & Admin  |
|
Join Date: Feb 2002
Location: North Carolina
Trips To Vegas: 16
Posts: 17,346
|
|
You will need to know your SSN and have a form of ID. I would NEVER travel with my social security card.
__________________
On the threshold of adventure,
God I do love this job so.
|
11-12-2004, 02:02 PM
|
 |
Stylin' and Profilin'  Quasi Technical Admin |
|
Join Date: Nov 2001
Location: Tennessee
Trips To Vegas: 28
Posts: 8,772
|
|
Leave the social security card at home in the fire proof lock box. One of my group won a $1500 prize once on a $5 machine and all he had to do was show his ID and fill out the forms. Of course, Tennessee drivers licences already have the social security numbers on them. 
__________________
Scott
The question isn't "what are we going to do," the question is "what aren't we going to do?"
|
Login or Register to remove this ad.
| Thread Tools |
|
|
| Display Modes |
 Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
NOTE: Even though VegasMessageBoard.com receives compensation for products and services promoted in our posts, we always give our honest opinions, findings, beliefs, or experiences about those products and services.
All times are GMT -7. The time now is 11:07 AM.
|
