Online Poker Tips » United States http://www.0571qq.com Free Online Poker Tips and Reviews Fri, 10 Feb 2012 16:48:20 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 What are the tax implications of winning online poker? http://www.0571qq.com/what-are-the-tax-implications-of-winning-online-poker/ http://www.0571qq.com/what-are-the-tax-implications-of-winning-online-poker/#comments Tue, 14 Apr 2009 04:05:40 +0000 admin http://www.0571qq.com/?p=28 online poker

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 at a time over several years, do I have to report it?
I am in the U.S (Virginia), by the way.

]]> http://www.0571qq.com/what-are-the-tax-implications-of-winning-online-poker/feed/ 0 How do taxes work for winnings from online poker/gambling sites based outside the US? http://www.0571qq.com/how-do-taxes-work-for-winnings-from-online-pokergambling-sites-based-outside-the-us/ http://www.0571qq.com/how-do-taxes-work-for-winnings-from-online-pokergambling-sites-based-outside-the-us/#comments Wed, 11 Mar 2009 08:46:04 +0000 admin http://www.0571qq.com/?p=30 online poker

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?

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