Casinos: Poker winners must do tax form
Starting Tuesday, it’s going to get harder for poker tournament winners to bluff the tax man.
Related Poker News:
- N.J. Casinos: Poker Winners Must Do Tax Form
- Tax Time Coming for Poker Players
- Casinos must nudge bettors to report winnings at poker
- IRS deals out new poker rules
- Poker Tournament Winnings Must be Reported to the IRS
- European, Latin American, Australian Casinos Conduct Satellite for 2006 WSOP
- Poker Winnings Must Be Reported to IRS
- Poker Games for Casinos Without Poker Rooms
- FBI takes a closer look at Second Life casinos
- IRS to poker winners: Pay up!
- Gulf Coast Poker Sees Holiday Crowds
- CelebPoker Sending Online Poker Winners to Switzerland
Poker terminology:
- STUCK - Down a nontrivial amount of money, as in "he's stuck $800".
- SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
- TO GO - The current betting level, as in "$20 to go" meaning every player must contribute $20 (total) or drop. A $10 raise would then make the pot "$30 to go".
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- STRAIGHT - A hand consisting of 5 cards in sequence but not in suit.
- OVERPAIR - In Hold'em, a pair in the hole that is larger than any community card on the board.
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