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MTTc - Live Live updates from major events, logistics, trip reports, and other live (not televised) major tournament discussion

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Old 05-13-2017, 10:13 AM   #1
DafarginNuts
centurion
 
Join Date: Aug 2007
Posts: 101
Hollywood Great Lakes Event Toledo

Anyone know what the winnings threshold is for tax withholdings at the toledo event. I called but they wont release the info. Thanks in advance
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Old 05-15-2017, 02:52 AM   #2
deadlysyns
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Join Date: May 2005
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Re: Hollywood Great Lakes Event Toledo

anything over $5k minus your original buyin. You can choose to take the taxes out or pay at the end of the year.
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Old 05-15-2017, 11:37 AM   #3
DafarginNuts
centurion
 
Join Date: Aug 2007
Posts: 101
Re: Hollywood Great Lakes Event Toledo

Yes I thought that was the case in most instances. However I do know that Seneca Niagara deducts holdback from any amount won in tournies. This they confirmed when I called inquiring about some events coming up.
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