Archive for the ‘United States’ Category

What are the tax implications of winning online poker?

Thursday, October 15th, 2009

If I were to win say, $100,000 playing online poker, I know the government wants to tax me on that. What happens if I don't withdraw the money from my account? Do I pay taxes on it? What if I withraw just a little bit ...

Posted in United States | 3 Comments »

How do taxes work for winnings from online poker/gambling sites based outside the US?

Thursday, May 28th, 2009

If you win $50,000+ from an online poker/gambling site based outside the US, is there any way to cash out the money without having to pay taxes? If not, can someone explain how taxes would work?

Posted in United States | 5 Comments »