Korean wins case against US on gambling taxes
WASHINGTON (AP) — An appeals court has sided with a South Korean businessman in a dispute over how his gambling winnings in the U.S. should be taxed.
Sang Park gambled away thousands of dollars at slot machines during trips to the U.S. The U.S. tax collection agency said he had to pay taxes on every winning pull.
Park argued that he should be allowed to calculate his winnings on a per-session basis — the way that U.S. citizens are treated.
On Tuesday, a three-judge panel of the U.S. Court of Appeals agreed. The court sent the case to the U.S. Tax Court to determine what Park owes.