Gambling winnings on international waters

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Is the U.S. the only country that taxes gambling winnings? If ... Do you report gambling wins/losses for games that occurred on international waters?

Gaming in India: overview Gambling and Social Responsibility P&O Cruises On port days, gaming doesn't start until the ship reaches international waters, which usually takes about 45 minutes. Opening times can vary by jurisdiction, but the demarcation point is usually 12 miles outside of port limits. Everything You Need To Know About Cruise Ship Casinos Cruises fall under Maritime law. This law allows the nation the ship is registered under to dictate gambling laws while the cruise is in international waters Betting Sites » Compare the Best Online Bookies in UK May 2019

Taxes on winnings? Just curious (probably a stupid question). If your an American citizen, gambling on international waters, on board a ship registered to Panama, and you win lets say 50,000 dollars.

Why do you need to declare Casino winnings? - Ask a Cruise Jun 21, 2007 · Why do you need to declare Casino winnings? If the ship is foreign flagged and the casino cannot open until international waters are reached,whats the deal? How do you deduct your losses? What is the magic amount of winnings under the current standard you can take? Do they actually report it?

Appeals Court Rules IRS Can't Tax Some Gambling Winnings

Do I Have to Tell the Unemployment Office I Hit the Jackpot at a Casino? Not surprisingly, gambling winnings such as those from casino jackpots are taxable income, according to the Internal Revenue Service. It also shouldn't be surprising that unemployed people may be gambling in casinos, with some occasionally hitting a jackpot. ... Internal Revenue Bulletin: 2015-12 | Internal Revenue Service

Gambling Winnings are even more complicated than what was indicated. If you are audited for gambling winnings, you need to provide documentation for your gambling activities. This documentation includes not only receipts, but dates, places and who was with you when you won (and...

What's The Deal With Cruise Ship Gambling? - Blog What’s The Deal With Cruise Ship Gambling? ... go into international waters and ... the forms to the lucky winner who can then pay the taxes on his winnings. Cruise Casinos and Gambling on Rivers and at Sea

House Journal 05/11/2005 - South Carolina Legislature Online

You can not just offset losses and not report your winnings. If you do, you can more than likely expect a notice from the IRS a couple of years later with a tax due notice. The ship also sends a copy of the W2G to the IRS, so when they receive your tax return with no reported gambling winnings - red flag. Taxation of Gambling - The Tax Adviser