US-Russia Tax Treaty Mostly Suspended Beginning August 16th

The IRS announced today that based on a request from Russia last August that most of the US-Russia Tax Treaty will be suspended beginning August 16, 2024.  One impact: Russians who have gambling income in the US that’s subject to withholding (for example, poker tournaments) will be facing 30% withholding from August 16th onward.  That does not impact this year’s World Series of Poker (currently running at the Horseshoe and Paris casinos here in Las Vegas), but will impact the 2025 WSOP.

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