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Online Casino News for Tuesday - February 17, 2004

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Online Casino News
Tips And Taxes - 2004-02-17
Do you work at a hair salon, barber shop, casino, golf course, hotel or restaurant or drive a taxicab? The tip income you collect as an employee from those services is taxable income, advises the IRS.

As taxable income, these tips are subject to federal income, Social Security and Medicare taxes, and may be subject to state income tax as well.

You must keep a running daily log of all your tip income. You can use IRS Publication 1244, "Employee's Daily Record of Tips and Report of Tips to Employer," to record your tip income.
Read the full story at Newsday
 
Port Huron casino: All bets may be off - 2004-02-17
After almost 18 months of work, congressional lawmakers are giving up hope they will be able to clear the path for an Indian casino near Port Huron's Thomas Edison Inn.

Legislation to make a necessary land swap possible has failed to pass the House of Representatives or Senate the past two years.

"This is something that we're just going to have to keep working with colleagues on," said U.S. Sen. Debbie Stabenow, a Democrat from Lansing.

She said there's no way to know if the deal, arranged in September 2002 by then-Michigan Gov. John Engler and the Bay Mills Indian Community, will win approval.
Read the full story at Port Huron Times Herald
 







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2012-02-08