Re: Ed Miller\'s Tax Article
The reason that the poker tournament winnings is on the IRS radar is because they want the fixed dollar limit to apply, instead of the multiple of amount wagered. The problem is that the IRS issued a private letter ruling back in 1984, which set up the rules in their current form. The IRS priority is to get a law change in order to get rid of the private letter ruling that they don't like any longer.
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