Re: What is the best way to avoid taxes?
Thanks StellarWind and Diablo for the input.
That was exactly the idea behind my "keep the chips in the box". If a player makes 100K by the end of the year and is playing 100-200, and that's his BR, keep in it in chips is way more advantageous to him than converting and paying the taxes, especially if he were to suffer a 150 BB down fluc and/or if he wanted to play higher.
Now, I know, that is not only more advantageous, but also apparently illegal in the eyes of the IRS.
I would not consider poker a viable occupation if I had to pay taxes on profits.
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