IRS ups ante on poker meets
The Internal Revenue Service will start requiring reports on tourney winners’ takes. They’re not bluffing: Tax collectors will start requiring poker tournaments to report the winners’ take.
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Useful poker information:
- FACE CARD - A jack, queen or king (a card with a face on it, not joker).
- ACTION - Money that is being bet. "NO ACTION" means a hand or game has few bettors and fewer raisers. "Gimme some action" is ostensibly a plea for calls and raises.
- PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
- TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
- TAPPED [OUT] - Out of money. Can refer to a player running out of money in the course of a hand, thus still active for the main pot; or can refer to a player who has lost his bankroll and can no longer play.
- FOUR OF A KIND - A hand containing all four cards of the same rank.
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