#11
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Re: New Tax Law - Witholding
[ QUOTE ]
From the article: [ QUOTE ] The ruling held that tournament poker is not a skillful competition and should be considered a gambling activity, at least for the purposes of taxation. [/ QUOTE ] [/ QUOTE ] when did aejones get into politics |
#12
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Re: New Tax Law - Witholding
[ QUOTE ]
[ QUOTE ] From the article: [ QUOTE ] The ruling held that tournament poker is not a skillful competition and should be considered a gambling activity, at least for the purposes of taxation. [/ QUOTE ] [/ QUOTE ] when did aejones get into politics [/ QUOTE ] mlagoo - 1 rest of world - 0 |
#13
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Re: New Tax Law - Witholding
also, this really really sucks. i need to speak to an accountant about wtf im supposed to do moving forward.
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#14
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Re: New Tax Law - Witholding
[ QUOTE ]
[ QUOTE ] From the article: [ QUOTE ] The ruling held that tournament poker is not a skillful competition and should be considered a gambling activity, at least for the purposes of taxation. [/ QUOTE ] [/ QUOTE ] when did aejones get into politics [/ QUOTE ] i lol'd pretty hard at this. |
#15
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Re: New Tax Law - Witholding
This is going to hurt the tournament community in such a big way. Uncle Sam now gets a interest free loan from us degens and we get less money to Gamb00l up. Glad I don't live in the gold ol' U S and A
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#16
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Re: New Tax Law - Witholding
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also, this really really sucks. i need to speak to an accountant about wtf im supposed to do moving forward. [/ QUOTE ] What's the issue "moving forward" if you intended to pay your taxes, anyway? |
#17
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Re: New Tax Law - Witholding
[ QUOTE ]
[ QUOTE ] also, this really really sucks. i need to speak to an accountant about wtf im supposed to do moving forward. [/ QUOTE ] What's the issue "moving forward" if you intended to pay your taxes, anyway? [/ QUOTE ] seriously keep good backing records and pay your taxes like a good little us citizen will they be witholding from countries the US has tax treaties with though? i.e. are canadians and europeans going to end up paying US taxes? |
#18
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Re: New Tax Law - Witholding
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will they be witholding from countries the US has tax treaties with though? i.e. are canadians and europeans going to end up paying US taxes? [/ QUOTE ] Huh? Don't players from tax-treaty countries already have their taxes withheld on US tournament cashes? They don't wind up "paying US taxes." As far as I understand, this new regulation isn't changing who owes tax where, it changes how and when it's collected. |
#19
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Re: New Tax Law - Witholding
[ QUOTE ]
[ QUOTE ] also, this really really sucks. i need to speak to an accountant about wtf im supposed to do moving forward. [/ QUOTE ] What's the issue "moving forward" if you intended to pay your taxes, anyway? [/ QUOTE ] it seemed to me that this was going to make staking/being staked significantly more complicated. maybe i was off. and i just want to make sure i know what i need to do whenever i cash in a tournament. |
#20
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Re: New Tax Law - Witholding
Yes, Canadians already pay a witholding tax (which is why I rarely go to US tourneys)
Ryan |
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