Internal Revenue Service

Pro-Racing US Tax Rules Update

September 27, 2017

This week, the U.S. Treasury Department and the Internal Revenue Service (IRS) announced that it will formally adopt modernized regulations regarding the withholding and reporting of pari-mutuel proce...

Pari-Mutuel Withholding Changes Filed

December 29, 2016

The U.S. Department of Treasury and Internal Revenue Service (IRS) today issued newly proposed regulations relating to withholding and reporting with respect to pari-mutuel winnings.

Clarification To Be Considered In U.S.

In response to efforts spearheaded by the National Thoroughbred Racing Association (NTRA) and horse racing’s advocates within the federal government, the United States Department of the Treasury and I...