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$2.5 million will be remitted by the casino to the IRS on your behalf, much like how federal income taxes are taken out of your paycheck.
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hello. if i paid taxes on four slot pay outs (i paid state and federal irs taxes at the casino before being paid do i have to report anything else on other forms come tax time? will i have to pay any more taxes . also i am not claming any losses. thanks for your time?
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