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Foreign Bank Account Forms (FBAR) No Longer Necessary
The Form 90-22.1 that tells the Government about our online poker accounts is no longer necessary to fill out. Now, with the new rules, we are finally off...
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Poker Backing and U.S. Tax Law
Being a CPA for poker players is becoming more and more challenging. It's hard to keep up with some of the craziness that goes on. I have...
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IRS Extends Deadline for Disclosing Offshore Accounts
If you are a poker player and have an account at any of the online poker sites, you are considered to have a financial offshore account. I know that...
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New Tax Q&A -- Updated for New Laws!
This is an addendum to our existing Tax Q&A, written by Ann-Margaret Johnston, CPA, who is the author of How to Turn Your Poker Playing Into a Business. Brief Overview...
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Poker and Taxes: What to do with Forms W2G and 1040
I am up to my ears in alligators, so the expression goes. Tax season as a CPA is like being Lucy Ricardo in the chocolate factory - the chocolates...
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Tax Q&A
Ann-Margaret Johnston, CPA, prepared this piece for the PocketFives community. Ann-Margaret is the author of "How to Turn Your Poker Playing Into a Business." She is an accomplished accountant...
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Poker Tax Q&A
Updated: September 2009 ...