Originally posted on 02/08/2014:

Quote Originally Posted by NunyaBidness View Post
This is very much not true. I've cashed in dozens of tournaments all over the country, I've received 1099s only from the WSOP. Most smaller places simply pay you out in chips. A few places do issue W-2gs, but its not the norm, certainly not in Vegas.

In fact, as recent as 2006 the WSOP paid out in chips themselves.
Well the WSOP doesn't pay out in chips now bud, you might wanna update yourself on current tax laws, instead of recounting shit that happened in 2006.

And I don't know where you play at pal, and the rules probably do vary from state to state. But any major tourney you register for that pays out prizes above $600, will make sure you're on their books for tax purposes, especially the big money ones. So you might wanna watch your mail more carefully, because it's on them (Federally), to account for where that money is going.