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You seem to know a lot about on-line casinos. I’m curious if the winnings are taxable income. I have tried the IRS site and they do not specifically mention off-shore or on-line gambling. Dan from East Troy, USA Yes, they are taxable. You are on the honor system to report the income. The casinos ... Gambling and Taxes in the US. Should i Pay Tax on Winnings? The 25% withheld from winnings you get from gambling (shown on your W-2G) are added to the taxes withheld from your job income (shown on your W-2) to calculate your total taxes paid. If, for example, your calculated gross adjusted income puts you in the 33% tax bracket and if the total income taxes you paid aren’t enough, then you have to pay ... Online Winnings - Taxes - General Poker - CardsChat™ This is a discussion on Online Winnings - Taxes within the online poker forums, in the General Poker section; Hi guys, I`ve just started playing poker online in 2008.. i did not win that much so i ... Taxes on Poker Winnings - General Poker - CardsChat™ Taxes on Poker Winnings. ... Most of the pros I know have a tax attorney and pay taxes. I file my own taxes and I claim my profits after my losses are deducted. ... I would never give up US ...
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Poker Taxes - HomePokerGames.com You can simply describe your poker winnings as "gambling winnings". They won't know your winnings came specifically from online poker. Besides that, the IRS is not particularly interested in making sure the law is enforced. They are interested in collecting taxes. I didn't report my poker income for prior years on my taxes, but now I want to. Does anyone actually win money on Bovada? : poker Before I moved to a state that bans online poker (blech) I did quite well on Bovada. My win rate there was slightly higher than on Stars, but not enough to say definitively over a relatively small sample size. ClubWPT Online Poker – Brought To You By The World Poker Tour® Play poker online with ClubWPT for a chance to share $100K in monthly cash and prizes including VIP packages to live WPT® Main Events. Play online poker tournaments for real cash and prizes all day, every day with the official poker game of the World Poker Tour®. Taxes Hold ‘Em – THETA Poker Pro
Expert Tax Advice for Poker Players. ... (the day in the U.S. when the feds shut down online poker),” he says. “My recreational and professional gamblers include poker and video poker players ...
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