Poker News: Tournament Taxes, PokerStars Cheating Allegations, 2008 WSOP
October 29th, 2007
John Caldwell
PROPOSED 25 PERCENT WITHHOLDING ON POKER TOURNAMENT WINNINGS SQUELCHED
Poker tournament grinders everywhere are rejoicing, as a proposed Internal Revenue Service rule to withhold 25 percent of tournament winnings of over $5,000 has been nixed, and will not be enforced.
According to Wally Chalmers, Vice President of the American Gaming Association, a powerful lobby group that […]
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