IRS softens 'signer' rules Posted on September 26, 2017 at 01:56:24 PM by Tiger
Waiting for the final text, but it's supposed to be nearly the same as the proposed version, which stated:
" ... the proposal amends Section 31.3402(q)-1(c)(ii) by allowing “all wagers placed in a single parimutuel pool and represented on a single ticket to be aggregated and treated as a single wager for purposes of determining the amount of the wager. The proposed rule allows a payer to take into account the total amount wagered in a particular pool as reflected on a single ticket to determine whether the winnings are subject to withholding and reporting.”
I think the withholding rate, 300 to 1 and $5,000 factors are unchanged, just that the bets (ONE POOL, ONE TICKET) are aggregated.