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  • Brandon6385

    Good Afternoon,
    I tried to search for this info on the forum, but had no success. I tried to withdraw from DK, and it’s making me fill out on a W9 form. It asked if I am subject to IRS withholding, I would assume I am? Normal guy who lives in MI. I’m not 100% sure what to select on withholding %. Can anyone explain this more?.. Thanks for the help!

  • RustyNutz

    Hit up the guys at dfsaccounting.com they can help you out

  • stlcardinals84

    Leading RG Analyst

    • 2018 DraftKings FBWC Finalist

    • 2018 DraftKings FBBWC Finalist

    @Brandon6385 said...

    Good Afternoon,
    I tried to search for this info on the forum, but had no success. I tried to withdraw from DK, and it’s making me fill out on a W9 form. It asked if I am subject to IRS withholding, I would assume I am? Normal guy who lives in MI. I’m not 100% sure what to select on withholding %. Can anyone explain this more?.. Thanks for the help!

    Hi Brandon,

    I haven’t done any 2018 withdrawals yet, but this would be a bit of a change. DK usually does not require you to enter withholding data, and the W-9 form does not require that information. DK should not withhold tax from your withdrawals.

    Can anyone else shed light on this if you have done early 2018 withdrawals on DK?

  • superstars92

    @stlcardinals84 said...

    Hi Brandon,

    I haven’t done any 2018 withdrawals yet, but this would be a bit of a change. DK usually does not require you to enter withholding data, and the W-9 form does not require that information. DK should not withhold tax from your withdrawals.

    Can anyone else shed light on this if you have done early 2018 withdrawals on DK?

    Wouldn’t it be better if they do though? If you are like a full time player, this is better for you so you don’t have to pay quarterly taxes as “estimates” that might be a bit confusing. I guess if you already have another job and they withhold that, you might be fine unless you make a ton in DFS relative to the other job.

  • Brandon6385

    I’ve had a few of my buddies try, and they don’t have to fill out the tax form either. I know for a fact this isn’t a humble brag, I didn’t win much this year.

  • walkoff9

    • 594

      RG Overall Ranking

    I’m not sure where i’ve seen that question before exactly but i always assumed you would only be subject to withholding if the IRS told you that you were, because of not correctly reporting winnings or interest/ dividends, ect in the past.

    Like anything else tax related, as long as your aware of whats going on its always better to pay tax when you file than to get a return. You want that money working for you all year, not working for the government.

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