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#1
06-12-2008, 10:25 AM
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As far as the LLC, there are major issues with that when it comes to this. When signing a tax form, 1099-G, it goes to the person, you can't assign it to a 'company'.
Can someone post the lingo for the Twin Spires Players Pool, I would like to read on they handle it. If I remember correctly, they say that you are responsible for your own taxes, but I want to know what they do when the ticket pays over 10k, and the government takes 25% 
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