taxes on Indian land?
Why are these forms filed even when you're in an Indian casino? I assume if you play in another country that a W2G or CTR wouldn't be sent to the USA IRS or Treasury...but why does it happen in Indian land? Since the winning aren't on US land, do taxes have to be paid on those wins?
I don't know how taxes work in other countries regarding gambling wins, but, I would have to assume that country would tax you -- not the US. ?
Quote: RSSo, as far as I've understood, W2G's are filed to the IRS for tax purposes and CTR's are filed to the US treasury for fraud and whatnot.
Why are these forms filed even when you're in an Indian casino?
You're within U.S. borders, using U.S. dollars.
If the tribe issued their own currency, and you didn't feel a particular need to exchange it back to dollars on your way out, maybe you could get away from that.
They're not sovereign nations: far from it.
True, they can adopt many of their own laws, and have their own tribal courts, but make no mistake about it: they must issue W-2G's.
Wish it weren't so.
Quote: MrVIt happens on Indian land because the rez is in the USA.
They're not sovereign nations: far from it.
True, they can adopt many of their own laws, and have their own tribal courts, but make no mistake about it: they must issue W-2G's.
Wish it weren't so.
All federal laws must be followed
All criminal laws must be followed
The casino exists only through a compact with the state. They can offer only the games that they state allows them to offer.
This is not "sovereign". They can take care of some civil matters themselves. That's it.
Quote: DieterYou're within U.S. borders, using U.S. dollars.
If the tribe issued their own currency, and you didn't feel a particular need to exchange it back to dollars on your way out, maybe you could get away from that.
Well that is the problem isn't it. The tribe is issuing its own currency and trying to force the world to except it, for all debts public and private.
"More beads per bet."
and my personal favorite:
"Our blankets are NOT dosed with smallpox."
Quote: petroglyphThe tribe is issuing its own currency and trying to force the world to except it, for all debts public and private.
If we're talking about chips (and TITO tickets, to a lesser extent), they don't even accept them themselves, for the most part*.
What currency do they issue?
*The cocktail waitresses do accept chips, but the gift shops, hotel, restaurants, and bars require you to convert back to U.S. money.
Quote: DieterQuote: petroglyphThe tribe is issuing its own currency and trying to force the world to except it, for all debts public and private.
If we're talking about chips (and TITO tickets, to a lesser extent), they don't even accept them themselves, for the most part*.
What currency do they issue?
*The cocktail waitresses do accept chips, but the gift shops, hotel, restaurants, and bars require you to convert back to U.S. money.
The funny thing is I've never had a problem paying restaurant bills with casino chips in Atlantic City.
Quote: sodawaterThe funny thing is I've never had a problem paying restaurant bills with casino chips in Atlantic City.
Completely believable that any "real" casino would honor their own currency.
