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Old 09-05-2007, 02:55 PM
ShadowBJ21 ShadowBJ21 is offline
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Join Date: Apr 2005
Location: Germany
Posts: 124
Default Re: IRS Withholding on US Tournament Winnings Starts in 2008

Thanks DeadMoneyDad!

So if I understand it correctly people don't have to pay more taxes due to the withholding. They just pay it at a different time then. At least those people that filed their tournament winnings correctly before.

Of course giving the IRS money (without interest) that can be partially returned after filing a tax report is a disadvantage in liquidity.

Shadow
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