Tax issues related to poker tournaments


Many times you will hear of people who have sold or exchanged a portion of their tournament action to help cover the costs of playing in tournaments. In other words, this player has agreed in advance to split his winnings with another person or a group of people. Depending on the size of the tournament, this has the potential to get the players and those people who have purchased a share in the players action in to a potentially difficult tax situation.It is the casino�s responsibility to report the winning player�s monetary win to the IRS. pussy888 login The casino would normally issue each winning player a W-2G form for the full amount of their win. The winning player would then add this to their tax return the following April. In the instance where the player has sold part of his action,Tax issues related to poker tournaments Articles that player can provide the casino with Form 5754. The casino is then required to issue a W-2G to each person listed on the form.

If you plan to sell a portion of your action to another person or group of people, it�s important to let everybody know ahead of time that they will be responsible for their share of the taxes. Friendships and relationships can be damaged when large sums of money are at stake. Diffuse the situation before it happens by being prepared.

This information is not to be used as tax advise. For all tax related questions, please seek the assistance of a trained tax professional.

Akiles Slot Punch Without Guide Review


In any office, hole punches are standard supplies, often found in just about every desk. But sometimes a circular hole just won’t cut it. For this reason, companies turn to slot punches. The Akiles Slot Punch creates a small slit in your material, whether laminates, badges, ID cards, luggage tags, or anything else you need to slide a strap through. Here is everything you need to know about the Akiles Slot Punch.

In any office,Akiles Slot Punch Without Guide Review Articles hole punches are standard supplies, often found in just about every desk. But sometimes a circular hole just won’t cut it. For this reason, companies turn to slot punches. The Akiles Slot Punch creates a small slit in your material, whether laminates, badges, ID cards, luggage tags, or anything else you need to slide a strap through. This little device works great in hospitals, concert venues, and security centers. Here is everything you need to know about the Akiles Slot Punch.

hoki311 is both efficient and economical. Its durable design will last a long time, even through several periods of heavy use. And since it costs less than 50 dollars, it will fit in just about any budget, even in tight economical times.

Now in a new compact design, the Akiles Slot Punch is even more convenient. The lightweight construction allows this slot punch to easily store in or on your desk as well as in a community supply closet for access by many. It only measures 5-3/4 inches by 2-1/2 inches by 1-11/16 inches and weighs very little, so it won’t be a problem to carry it from one desk to another.
This handy little device can be used either on a hard surface or held in your hands. For on the go use, such as punching ID cards as a way of letting people into a concert venue, it is especially convenient to be able to use in your lap.
Heavy duty steel construction provides sturdy, high volume use. It also guarantees long life for your slot punch.
The slot created is an oval hole. It is perfect for badge clips, strap clips, lanyards, luggage loops, and other ID accessories.
Up to 16 sheets of paper can be punched at once in the steel parts. It can also handle up to 1.2mm soft PVC and 0.8mm hard PVC for additional versatility. The tiny chads remaining measure about 1/8 inch by � inch and fall into a small, removable chip tray. This not only contains the waste but also keeps your office clean by not littering tiny pieces everywhere.
One thing lacking on this device is a centering guide. If your punching needs require accurate centering, this same product comes in a model with an included guide for a slightly higher cost.
Akiles backs up this punch with a 90 day warranty.
The Akiles Slot Punch would be excellent for security stations, label makers, ID card companies and other businesses that regularly punch materials. Hospitals, computer companies, big corporations, and other companies using a high number of ID badges will appreciate the efficiency and durability of this slot punch as they create new ID cards on a daily basis. The steel construction allows it to stand up to heavy duty punching while the petite design offers convenient use and storage. While it would be nice to have a centering guide, it will still work well for applications not requiring absolute precision. The Akiles Slot Punch would be a great addition to your office supply cabinet.

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