Tag Archives: WSOP

WSOP and Taxes: 2018 Update

Posted on May 30, 2018 by Russ

The 2018 World Series of Poker (WSOP) begins today here in Las Vegas. There are also several other tournament series that have either begun or will soon begin at the Venetian, Wynn/Encore, Aria, Planet Hollywood, Binion’s, Golden Nugget, and Orleans … Continue reading →

Posted in Gambling | Tagged | 4 Comments

WSOP and Taxes: 2017 Update

Posted on May 22, 2017 by Russ

The poker world is about to descend on Las Vegas for the World Series of Poker (WSOP) and a score of other tournament series. The tax environment has changed, so I’ve decided to do a thorough update of the tax … Continue reading →

Posted in Gambling | Tagged , | 9 Comments

Can a Non-Tax Treaty Country Resident Obtain a Refund of Gambling Withholding from the IRS?

Posted on July 10, 2016 by Russ

Every year during the World Series of Poker (WSOP) I receive several inquiries like the following: I’m a resident of Brazil and I cashed in an event at the WSOP and won $100,000 (net). The Rio withheld 30% of that … Continue reading →

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Taxes and the WSOP: 2016 Update

Posted on May 16, 2016 by Russ

I’ll be heading to the Rio Hotel and Casino tomorrow for three days of continuing education. In a little over two weeks, the poker world will be descending on the Rio for the annual World Series of Poker. (I’m probably … Continue reading →

Posted in Gambling | Tagged | 2 Comments

Staking and the 2014 WSOP: Nothing Has Changed

Posted on May 24, 2014 by Russ

The poker world is about to descend on Las Vegas. Over the next several weeks, many players who enter the myriad of poker tournaments from expensive tournaments at the World Series of Poker to more affordable tournaments at Binion’s and … Continue reading →

Posted in Gambling | Tagged | 3 Comments

The Real Winners of the 2013 World Series of Poker

Posted on November 5, 2013 by Russ

Nine individuals came to Las Vegas on Monday and Tuesday to compete for the championship at the World Series of Poker (WSOP). Who would be the lucky winner? And who really got to keep the money? Congratulations to Ryan Riess … Continue reading →

Posted in Gambling | Tagged | 16 Comments

Who Gets the Charitable Donation for the WSOP’s One Drop Events?

Posted on July 1, 2013 by Russ

At this year’s World Series of Poker, there are two events where money is donated to the One Drop Foundation: the high rollers event with a $111,111 buy-in (won by Tony Gregg for $4.8 million over the weekend), and the … Continue reading →

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Why Saying No to wsop.com If You Win the $111,111 “Free” Seat Is a Good Idea

Posted on June 25, 2013 by Russ

Tonight, wsop.com will be giving away a “free” entry into a $111,111 buy-in tournament that begins on Wednesday. To be eligible for the free entry, you had to sign-up in person for the new online poker site wsop.com at the … Continue reading →

Posted in Gambling | Tagged | 3 Comments

German Court to Decide Whether Poker Is Taxable for a Professional

Posted on August 23, 2012 by Russ

In 2011, Pius Heinz of Germany won the main event of the World Series of Poker and a nice tax-free $8,715,638. Well, maybe it’s not tax-free. Via @Taxdood and @Taxnews1 comes word that a German court in Cologne will be … Continue reading →

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Tournament Deals at the WSOP: A Primer

Posted on June 17, 2012 by Russ

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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