HOME

ARTICLES BY: Don Shelton

Wednesday Oct 24, 2007

published 310 days ago

IRS Clarifies Poker Tournament Tax Rules

IRS has advised that, starting on Mar. 4, 2008, casinos and others sponsoring poker tournaments must report most winnings to winners and IRS. The guidance is designed to clear up confusion about the tax-reporting rules that apply to poker tournaments. IRS clarifies reporting and withholding...

Tuesday Sep 18, 2007

published 346 days ago

IRS to Collect More Tournament Poker Winnings

By Special Contributor on IRS Issues, CPA Don Shelton The IRS has advised sponsors of poker tournaments that they have an obligation to issue W-2G forms and to withhold tax from payments that exceed $5,000. This has been done by issuing what is known as a revenue procedure, Rev Proc 2007-57. A...

VIEW ISSUE ARCHIVES

CARD PLAYER
CARD PLAYER EUROPE

BROWSE BY AUTHOR

A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

BROWSE BY CATEGORY

7 Stud (40)
7 Stud 8b (3)
Anecdotes (Poker Stories) (398)
Beginning Strategy (47)
Big Bet (Pot Limit And No Limit) (381)
Biography (125)
Bluff (53)
Casino Info. (108)
For Rookies Only (59)
Hold'Em (356)
Humor (152)
Internet (37)
Legal (96)
Lowball (71)
Money Management (63)
Omaha (53)
Omaha 8b (53)
Online Poker (92)
Poker Math (93)
Poker Strategy (698)
Psychology (262)
Rules / Rulings (202)
Tax (32)
Tournament Play (541)
Tournament Results (98)
TV (3)

FULL TILT POKER: 100% sign up bonus up to $600 at Full Tilt Poker

SPADECLUB: $19.99 gives you access to the Club and $100,000 in free tournaments. No entry fees. No deposits. No Rake.

POKERSTARS: Double up your first $50 deposit. And play in the one & only Sunday Million.

DOYLESROOM: Special CP Readers Bonus U.S. Players Welcome. Win daily seats to the Super Saturday $250,000

CAKEPOKER: We reward every player. Join our $100,000 Gold Card Tournament. $100K * 100 Player Cap * 100 Winners *

BODOG: Sign up today to take advantage of a 110% signup bonus up to $550!

ULTIMATEBET: 111% deposit bonus up to $1200

ABSOLUTE POKER: Get 100% up to $600. Use bonus code CP600

Home | Advertise with Us | Customer Support | Subscription Support | News & Press | Contact Us | About Us | Terms of Use | Privacy Policy

Site Map | Copyright © 2001-2008 CardPlayer.com, All rights reserved. Visit our Support Center to send us feedback

Card Player encourages you to gamble responsibly. If you or someone you know has a gambling problem, call 800.522.4700 or go to: www.ncpgambling.org. U.S. Citizens Please Note: The information contained at this site is for news and entertainment purposes only. Any use of this information in violation of any federal, state, or local laws is prohibited. Caveat: It is now a felony to play online poker in the state of Washington.