1st or 31st?

Last night I was playing a video poker variation with a wheel spin when you hit a 4 of a kind. So I hit 4 Aces no kicker but pick up 400 dollars on the wheel spin. So right at 2:30 am in the morning I have a taxable win of 1200. (playing in an Indian casino btw)

So when the lady brings me back my tax form she tells me it is back dated to the 31st, because their casino day for their processing doesn't end until 6am.

I say, but I hit it on the 1st. She says the same thing she already said. But I said, but I hit it on the 1st; I don't want file it for last year's tax. Then she said, that was just the way it is, nothing I can do about. Two more office people there tell me the same thing. This is the way we do it, and you can't do anything about it.

Okay, so this was no big deal for me, except I told them isn't right. If it was any other day of the year it wouldn't make any difference, but you're saying you can falsify the date, and I should just deal with it.

Is there any actual legal standard on this? Being on native land, I wasn't really sure what was okay or wasn't anyway.

Quote: rxwine

Last night I was playing a video poker variation with a wheel spin when you hit a 4 of a kind. So I hit 4 Aces no kicker but pick up 400 dollars on the wheel spin. So right at 2:30 am in the morning I have a taxable win of 1200. (playing in an Indian casino btw)

So when the lady brings me back my tax form she tells me it is back dated to the 31st, because their casino day for their processing doesn't end until 6am.

I say, but I hit it on the 1st. She says the same thing she already said. But I said, but I hit it on the 1st; I don't want file it for last year's tax. Then she said, that was just the way it is, nothing I can do about. Two more office people there tell me the same thing. This is the way we do it, and you can't do anything about it.

Okay, so this was no big deal for me, except I told them isn't right. If it was any other day of the year it wouldn't make any difference, but you're saying you can falsify the date, and I should just deal with it.

Is there any actual legal standard on this? Being on native land, I wasn't really sure what was okay or wasn't anyway.

Interesting question! I guess the same issue would apply to a professional table games player in the middle of a 'session'. If you start at 8pm and end at 4am on any other night it wouldn't matter. I'm pretty sure for work pay checks it didn't matter when you did the work; what mattered was when they cut the check.

As far as your particular issue, I think you would have the right to challenge the date with the IRS. It is even possible you were NEVER in that casino in 2019! In reality, I can't imagine wanting to deal with the IRS unless I absofreakinglutely had to! Pay the taxes a year early.... the government needs it......

If you want to dispute it you shouldn't have any problem. You may spend a lot of time on the phone and writing responses to the IRS, but you will win it. Just claim that they mistakenly wrote the wrong date on it and that you did not receive the income until 2020.

I looked it up and the answer is both.

If you were to win the lottery then the IRS taxes your winning at 25% the moment you win and the rest when you collect. Since I'm assuming that you'd collect right now, you need to pay the first 25% when you file file for 2019 and the rest when you file for 2020.

Quote: Lovecomps

I looked it up and the answer is both.

If you were to win the lottery then the IRS taxes your winning at 25% the moment you win and the rest when you collect. Since I'm assuming that you'd collect right now, you need to pay the first 25% when you file file for 2019 and the rest when you file for 2020.

That is incorrect. They do not tax you when you win it, the tax would be due at the end of the quarter and would only be taxed on what you have collected so far. You may be confused because they will withhold about 25% to put towards your taxes.

Casinos must date the tax form based on the business day. In this case, December 31st. If you can successfully challenge it with the IRS, more power to you.

Never heard of that. Everyplace I've worked and been is based on a calendar day. At Midnight each night in Table Games, we replace our Jackpot Log, even though our gaming day ends later. I would claim it for 2020.


ZCore13