IRS Increases Withholding Requirements for Poker Tournaments

Posted on Mon Sep 17, 2007 01:21:20 PM
Filed under News, Playing for a Living, Poker and the Law

According to an IRS Bulletin, beginning March 4, 2008 the IRS will require tournament directors to withhold taxes from poker tournament winners who win in excess of $5,000. It requires this withholding at the third-lowest tax rate which is …Login/Register for more.

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