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Volume: 11 Issue: 3
( 2012)

Keywords:
us black friday us tax implications black friday now synonymous move department justice seize five us poker domains believed

Jurisdictions:
USA US France

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USA: Black Friday in the US: Tax Implications

Black Friday is now synonymous with the move by the Department of Justice to seize five US poker domains believed to have violated the Unlawful Internet Gambling Enforcement Act, engaging in fraud and money laundering to process transfers. The aftermath of this notorious case has left uncertain tax implications for those customers who have yet to receive their winnings. Brad Polizzano, an Attorney at Karen J. Tenenbaum, discusses the current US tax policies, the ambiguities and the likelihood of repayment following the Black Friday events in April 2011.

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