Keyword: IRS

  • Alex Waldrop

    Waldrop Testifies on Wagering Tax Reporting

    The United States Department of Treasury and Internal Revenue Service were told June 17 that current regulations related to the tax withholding and reporting of pari-mutuel winnings are "unfair and totally burdensome."

  • Alex Waldrop, president and chief executive officer of the National Thoroughbred Racing Association

    Waldrop to Address Withholding Taxes in D.C.

    Alex Waldrop, president and chief executive officer of the National Thoroughbred Racing Association, will address proposed changes to regulations on the taxing of pari-mutuel wagers at a June 17 hearing in Washington, D.C.

  • Changes Possible on Federal Tax Withholdings

    Two federal agencies have issued a notice that opens the door to the possible addition of pari-mutuel gambling winnings to updated reporting and withholding requirements being developed for bingo, keno, and slot machines.

  • Motion Seeks ClassicStar Liquidation

    A motion has been filed in a Kentucky federal court asking to convert the bankruptcy protection of former broodmare lease operator ClassicStar LLC from Chapter 11 business reorganization to Chapter 7 liquidation.

  • IRS Claims NYRA Owes $1.6 Billion

    The New York Racing Association can add the Internal Revenue Service to its list of obstacles, as the federal agency wants NYRA to pay it $1.6 billion to settle past tax bills.

  • Suit Involving ClassicStar Filed

    Individuals claiming they were bilked out of millions of dollars by ClassicStar's high-profile mare lease and breeding program are awaiting answers to a recent complaint filed on their behalf