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Old 07-14-2007, 09:52 PM
adanthar adanthar is offline
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Join Date: Apr 2004
Location: Intrepidly Reporting
Posts: 14,174
Default Re: ** WSOP ME, $10,000 NLHE, Day 5, Sat., July 14 **

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Two pronouncements, the first of which is probably wrong, and the second of which is definitely wrong.

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I have personal experience with Harrahs in this matter. I recently chopped a tournament three-ways. I got $25,000 of the $32,000 first place prize and got a W-2G for $32,000.

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You are still definitely wrong if you think you are liable for all of the 32k winnings.

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Nothing would make me happier. It would save me a couple thousand in taxes. But, the IRS still had $32,000 in income reported to them by Harrahs.

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If you have a piece of paper with some signatures on it agreeing to a chop, or a witness statement to that effect, that doesn't matter.
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