NHC News 2017-01-13T00:31:30+00:00
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Oct12th, 2017

Keeneland Contests Head Bevy of NHC Action This Weekend

By | October 12th, 2017|Categories: News & Media, NHC News|Tags: , |Comments Off on Keeneland Contests Head Bevy of NHC Action This Weekend

Horseplayers from around the country are descending on Lexington, Ky., this weekend for a pair of major handicapping contests at Keeneland that combined will offer an estimated 13 berths to the world’s richest and most [...]

Oct6th, 2017

BCBC Crunch Time, NHC Tour Heats Up, and Players Will Keep More of What They Win

By | October 6th, 2017|Categories: News & Media, NHC News|Comments Off on BCBC Crunch Time, NHC Tour Heats Up, and Players Will Keep More of What They Win

By Noel Michaels Horseplayers everywhere are rejoicing at the finalization of the modernized IRS withholding regulations for pari-mutuel proceeds. The updated rules, which the NTRA sought on behalf of horseplayers for a decade, will save [...]

Sep27th, 2017

A Horseplayers Perspective to the New Pari-Mutuel Regulations

By | September 27th, 2017|Categories: Legislative, Legislative Pari-Mutuel Wagering Tax, NHC News|Comments Off on A Horseplayers Perspective to the New Pari-Mutuel Regulations

by: Chris Larmey On Wednesday, the IRS announced new regulations regarding the withholding and reporting of pari-mutuel proceeds that will significantly help horseplayers and the entire racing industry. Just let the enormity and preposterousness [...]

Sep27th, 2017

Modernized Tax Regulations On Pari-Mutuel Proceeds Go Official

By | September 27th, 2017|Categories: Legislative Pari-Mutuel Wagering Tax, News & Media, NHC News|Tags: , , , |Comments Off on Modernized Tax Regulations On Pari-Mutuel Proceeds Go Official

Updated regulations regarding the withholding and reporting of pari-mutuel proceeds adopted by the U.S. Treasury Department and the Internal Revenue Service (IRS) became official, as expected, with their publication in today’s Federal Register. The modernized [...]

Sep25th, 2017

Horseracing Wins As Treasury/IRS Issue Updated Tax Rules

By | September 25th, 2017|Categories: Legislative, Legislative Pari-Mutuel Wagering Tax, News & Media, NHC News|Tags: , , , , , , , |Comments Off on Horseracing Wins As Treasury/IRS Issue Updated Tax Rules

The U.S. Treasury Department and the Internal Revenue Service (IRS) today announced that they will formally adopt modernized regulations regarding the withholding and reporting of pari-mutuel proceeds. The National Thoroughbred Racing Association (NTRA) has [...]

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