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BGonline.org Forums
Entries to date
Posted By: Bill Davis In Response To: Entries to date (Bill Riles)
Date: Wednesday, 11 February 2009, at 5:23 a.m.
For me, the problem is the new law that requires me to issue forms for payouts in excess of a $5000 profit after entry fees are deducted. See:
http://www.irs.gov/irb/2007-36_IRB/ar21.html
I know this is for poker, but to me, it's simply not worth the risk, however small to myself and the winners. So this year, we are paying out $5300 for first and $3340 for second.
So for this reason and also so as not to hurt attendance in Battle of Sexes and Open Doubles, I'll leave things as they are. We only have two half days and one full day to put on the entire event and I don't want to bite off more than I can chew.
Bill
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