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“Shutting down slot devices for small-dollar amounts, floods the IRS with outdated forms that assistance no person.” Titus said. “My Monthly bill, the SLOT Act, as well as the IRS Advisory Council’s the latest recommendation to lift the edge would cut back the paperwork burden on enterprises and players even though guaranteeing our tax code displays financial fact.”
“We urge you to Adhere to the IRSAC’s recommendation and workout your authority to boost the brink for slot device jackpot winnings to $five,000 and to take into consideration periodic raises to the threshold dependant on inflation,” Titus and Reschenthaler wrote.
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