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Old 09-18-2007, 07:57 PM
DavidNB DavidNB is offline
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Join Date: Aug 2005
Posts: 646
Default Re: IRS Withholding on US Tournament Winnings Starts in 2008

[ QUOTE ]
This is such [censored] cause the guy who plays tourneys for a living and pays $500 a buy in 10 times then finally cashes for like 10k or whatever has to let the gov keep his money while he hopes and prays they give it back at the end of the year.

[/ QUOTE ]

The IRS just can't decide to keep money at the end of the year, it doesn't work like that. If you didn't have the income to pay that much in tax, you would get a refund.
It all works in the end.
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