Thread: WSOP & the IRS.
View Single Post
  #8  
Old 07-16-2005, 02:00 AM
Trainwreck Trainwreck is offline
Senior Member
 
Join Date: Aug 2004
Location: Next to some tracks
Posts: 1,068
Default Re: WSOP & the IRS.

I watched a jackpot hand winner from out of the country, get the taxes taken out right then and there at the Excalibur, stingy nit didn't tip the dealer a penny.

On the other hand, I didn't get a penny taken out when I had a slot machine over the threshold 4 years ago, just the IRS form, and have heard from lower entry tournament cashers that got IRS forms for amounts over $600, but kept the whole amount.

I think it's all depends on the buy-in vs. prize, some tourneys apparently don't do any forms, YMMV!

Someone else probably has a clearer idea on this, be glad to hear it.

>TW<
Reply With Quote