If winner of $ 20.000 is from out of country has to pay taxes?

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If winner of $ 20.000 is from out of country has to pay taxes?

2006-12-07 17:09:19 · 3 answers · asked by gregmeitar 1 in Business & Finance ➔ Taxes ➔ United States

3 answers

Jseah 114 is right, except that if your country has an income tax treaty with the US, a different lower rate could apply. The backup withholding rules apply to gambling winnings over $10,000, so there would be $6,200 taken out of the $20,000 by the casino anyway.

2006-12-07 19:35:50 · answer #1 · answered by mattapan26 7 · 0⤊ 0⤋

Yes, he will be taxed as a nonresident and is subject to tax at a flat rate of 30%.

2006-12-07 17:11:37 · answer #2 · answered by jseah114 6 · 0⤊ 0⤋

2006-12-07 17:36:01 · answer #3 · answered by cherryfrank@sbcglobal.net 3 · 0⤊ 0⤋