IRS tweaks poker tax rules
With the rise in popularity of poker tournaments in the U.S. gaming industry, Internal Revenue Service officials have wondered if the agency was getting its fair share of the winnings.
Related Poker News:
- New Poker Rules from TDA
- UIGEA Implementation Rules Published
- New Poker Rules Go International
- World Series of Poker 2007 schedule published
- Poker Player Learns Lesson: Read The Fine Print
- Final UIGEA Rules Still Unclear About Online Poker
- Bars call for new hand from police on poker rules
- WPA Upgrades Poker Tournament Rules; Card Rooms Around the World are Invited to Comment
- Politics and Poker: Fed Rules, Schmules
- U.S. Government Releases UIGEA Rules Proposal
- Poker: Rules avoid confusion, maybe even losing money
- New TDA Rules in Play at Bay 101
Poker slang:
- HOOK - A Jack. So named because the "J" resembles a hook.
- FOUR OF A KIND - A hand containing all four cards of the same rank.
- STACKED [DECK] - A deck that has been arranged to give one player a huge advantage. Also: RIGGED.
- HIGH-LOW SPLIT - Forms of poker in which the pot is split between the best hand and best lowball hand.
- CUT - To break the deck into 2 stacks of at least 5 cards each. Usually performed by the player to the dealer's right to insure that the the deck is not stacked.
- POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
RSS feed
