Tag Archives: FullTiltPoker

1500 Full Tilt Remission Petitions Denied by Department of Justice

Posted on May 8, 2016 by Russ

Most (but not all) of the remission payments for balances on Full Tilt Poker have been resolved. However, a notice appeared on Friday on www.fulltiltpokerclaims.com: INFORMATION REGARDING DENIED PETITIONS GCG has been informed that the Department of Justice Asset Forfeiture … Continue reading →

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What Are the Tax Impacts of the FullTiltPoker Remission Payments?

Posted on February 21, 2014 by Russ

In less than one week, many poker players will finally receive their balances that they had at FullTiltPoker when that online poker site was shut down as a result of “Black Friday.” According to the Garden City Group (the claims … Continue reading →

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Full Tilt Remission Deadline is Today

Posted on November 16, 2013 by Russ

Today, November 16th, is the deadline for making a remission claim from Full Tilt Poker. (There are two exceptions noted below.) If you were not an affiliate of Full Tilt Poker or a Red Pro, you must file your claim … Continue reading →

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Tax Implications of Full Tilt Poker Remission

Posted on September 17, 2013 by Russ

I did an interview with CardPlayer Media on the tax impact of the Full Tilt Poker remission. (That remission process formally begins tomorrow, September 18th. More information on that is available at the claims website run by the Garden City … Continue reading →

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Full Tilt Poker Remission Claims to Begin in Mid-September

Posted on August 17, 2013 by Russ

The Garden City Group (GCG) posted the following information on the Full Tilt Poker Claims Administration website yesterday: Important Update About the Start of the Claims Process Starting on September 16, 2013, GCG will email a Notice with instructions on … Continue reading →

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Waiting for Godot: Full Tilt Poker Remission

Posted on July 19, 2013 by Russ

Back in high school I read Samuel Beckett’s classic play Waiting for Godot. For Americans who are waiting for remission to occur on money they had on deposit at Full Tilt Poker, this could be retitled “Waiting for Remission.” In … Continue reading →

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I’m Glad I Didn’t Say Which Christmas

Posted on November 14, 2012 by Russ

Back at the end of July came news that the US Department of Justice had settled with PokerStars and Full Tilt Poker on civil claims, and that players would be paid back. I wrote, When will players be repaid? If … Continue reading →

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DOJ Settles Civil Claims Against PokerStars & Full Tilt Poker; Full Tilt Balances to be Refunded to US Players; Settlement with Absolute/UB Also Referenced

Posted on July 31, 2012 by Russ

News came out this morning that the long-rumored deal that would have PokerStars acquire Full Tilt Poker, agree to pay the DOJ $731 million (the rumored amount was $750 million), and pay back players while settling the civil charges it … Continue reading →

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Casualty Losses, Constructive Receipt and Full Tilt Poker

Posted on December 21, 2011 by Russ

I’ve been asked numerous times over the past few weeks one question by poker players: “Can I take a casualty loss on the money I have tied up on Full Tilt Poker?” The answer is a definite maybe, but even … Continue reading →

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News Report: Full Tilt Sold

Posted on September 30, 2011 by Russ

PokerFuse is reporting that Full Tilt Poker has been sold to Group Bernard Tapie. The deal is conditional on factors including a favorable resolution with the US Department of Justice. PokerFuse reports that the deal calls for repayment of all … Continue reading →

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