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Tax Time: Specialists Offer Advice for Poker Players |… But winning big money can turn into a tax nightmare for some foreign-born players. A foreign player who cashes in an event will receive an IRS 1042-S, which is used to report money paid to foreigners in the U.S. that are subject to income tax withholding. The form must be filed even if nothing is deducted...
He contends he is entitled to be paid his winnings because edge-sorting is a legitimate advantage play technique.”
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