Hollywood Great Lakes Event Toledo
Join Date: Aug 2007
Posts: 342
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
Join Date: May 2005
Posts: 1,060
anything over $5k minus your original buyin. You can choose to take the taxes out or pay at the end of the year.
Join Date: Aug 2007
Posts: 342
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.
