Quote:
Originally Posted by delayjf
Do ADW report all payments issued to the bettor to the IRS, or do the operate the same way racetracks do?
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I got audited in 2003 after having the best year I ever had. They wanted “all bets” not just IRS reportable.
That’s been 20 yrs though. I was told they were going to compare what was reported by Twinspires (Brisnet?) to my filed taxes.
I sent in the spreadsheet that was created online by the ADW and some other stuff that was non gambling related. The auditor canceled my audit after reviewing the paperwork.
You can blame War Emblem for that audit
