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According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees.”Litigious lifeline:However, Bloomberg reported that the IRS’ latest stance on daily fantasy sports is at odds with the 2007 ruling from the United States District Court for the District of New Jersey in the matter of Humphrey v Viacom. The lawyer purportedly detailed that daily fantasy sports operators could furthermore be hit with late payment penalties for taxes they didn’t previously pay....

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According to a Friday report from the Bloomberg news service, the decision was revealed via an internal memo from the federal authority and could result in the two daily fantasy sports behemoths becoming liable for millions of dollars in unpaid taxes and late payment fees. Immortal Fruits is now live, taking the fruit theme to new heights and offering a jampacked gaming experience.Robins reportedly declared…“Our position continues to be, which we believe has been reaffirmed through state legislatures and courts throughout the country, that daily fantasy sports is not wagering....

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2 billion in such duties in 2018 alongside around 5 million in total revenues.Considerable consequences:Kate Lowenhar-Fisher from the Nevada law firm of Dickinson Wright reportedly told Bloomberg that such a state of affairs could be ‘potentially business-destroying’ in some jurisdictions as it wonline cas ino allowed in australia caphould equate to a hefty 20% tax on revenues.Significant sums:Bloomberg reported that American daily fantasy sports firms charge entry fees that subsequently allow punters to compete for cash prizes based on the performance of athletes in a virtual line-up....