On Tuesday, longtime PocketFiver Joseph dude904McKeehen earned $7.6 millionafter taking down the World Series of Poker Main Event for his first bracelet. While it was the largest sum of money earned by any single member of the November Nine, it wasn’t the largest payday given out. That distinction belongs to the US Internal Revenue Service, […]

Now that April 15th has passed, most people have fulfilled their tax obligations for 2014. For many, the filing process is complete and taxpayers have settled their balance with Uncle Sam (or are waiting on a refund). However, there are still some individuals who will have to do additional work before wrapping up their 2014 […]

Staking arrangements are prevalent in almost every poker tournament these days. It’s a great way to mitigate risk or play larger stakes than you normally would in order to increase your ROI. However, each year, the most prominent question poker players ask revolves around how to treat winnings when you have a backer or when […]

According to TheLocal.no, there’s a massive tax bill awaiting 2014 World Series of Poker Main Event runner-up Felix Stephensen (pictured). The winner of $5.1 million in the Las Vegas tournament, Stephensen, who calls Norway home, will reportedly be taxed at a 50.4% rate, which is almost $2.6 million in real money.

Now that tax season has passed, we at Kondler CPA wanted to share some tips on how to treat 2014 in order to be better equipped for your tax preparation in 2015. Even if you have not filed taxes in the past, it is never too late to take the proper steps to organize yourself […]

It’s once again time to pick the brain of Kondler and Associates, CPAs President and Owner Ray Kondler (pictured), whose firm specializes in part in poker taxes. We’re just a couple of weeks away from the all-important April 15 tax deadline in the US and, given that many Americans have just received refunds from Full […]