Category Archives: Gambling

Tribal Casino in Michigan Might be Illegal

Back in 1999, the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians (thankfully, they are also known as the Gun Lake Tribe–a much easier mouthful to pronounce) were recognized as an Indian tribe. They asked the Secretary of Interior to acquire property to … Continue reading

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Tournament Deals at the WSOP: A Primer

This past week I received the following question: I was playing in the daily Deep Stack tournament at the Rio during the World Series of Poker. With seven players left we decided to chop the prize pool, but Caesar’s [the … Continue reading

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Consistency: WSOP Still Not Accepting Form 5754

Back in 2007, I wrote this post regarding staking and the World Series of Poker. Five years have elapsed and nothing has changed. Caesar’s (Harrah’s changed their name a year ago), which operates the WSOP at the Rio Casino here … Continue reading

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Miccosukees Definitely in the Running for Tax Offender of the Year

When I last reported on the Miccosukees (a South Florida Indian tribe that runs a casino), the tribe decided to apparently ignore the advice of their then-attorney and not withhold taxes on earnings of their members. They now have been … Continue reading

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Hurry Up and Wait: FullTilt/PokerStars/Group Bernard Tapie Update

This post has nothing to do with taxes, but everything to do with online poker. You’ve been forewarned. Today came news that Group Bernard Tapie has backed out of the deal to acquire the assets of FullTilt Poker. That is … Continue reading

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Mailbag Update

We get mail: I got married last June and my wife says we need to file as single because we weren’t married for the whole year. Can you set her straight? Your marital status on December 31st is your marital … Continue reading

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Shockingly, the Nevada Resort Association Is Fighting a Tax Initiative on Nevada Resorts

Last Wednesday the Nevada Resort Association filed a lawsuit in Carson City to block a proposed initiative that would increase the highest tier of gambling taxes in Nevada from 6.75% to 9%. The Las Vegas Sun reported that the lawsuit … Continue reading

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Taxes and Gambling Series

About once a year I get asked, “I won some money gambling, but I didn’t get a W-2G. Do I really have to declare that income?” The answer is easy: All income is taxable unless Congress exempts it, and gambling … Continue reading

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Funding the Payroll Tax Cut Extension: Online Poker?

Late last year, Congress extended the 2% cut in the payroll (FICA) tax for just two months. That extension expires in 18 days. Congress and the President appear to want it to be extended, but there’s a catch. The extension … Continue reading

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Ignoring Tax Advice and then Suing the Attorney who Gave the Advice Isn’t Brilliant

Let’s assume you talk to your attorney, and he advises you that you should create a reserve fund for taxes. Usually, it’s a good idea to listen to your attorney. If you don’t like his opinion, perhaps get a second … Continue reading

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