Today on The Final Table radio show, we tackled a topic we get asked about all the time -- poker player finances. We talked with Ann-Margaret Johnston, a CPA whose client list includes a lot of poker players, and author of "How To Turn Your Poker Playing Into A Business."
She explained what you're supposed to do tax-wise if you're a tournament player, a cash game player, or an online player -- from what records you need to keep to whether you have to report the money in your online accounts to what expenses you can write off to how to handle swapping stakes to declaring yourself a professional.
Dennis & I also discussed our weekends in Los Angeles, where I played at the Commerce Casino while Dennis played at the Bicycle Casino in a big cash game that was streamed online, as well as the $10,000 buy-in Bounty Shootout (which was won by Pat Walsh, a fellow St. Louisan).
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Next week, we'll bring you two more interviews we recorded at the NBC National Heads Up Poker Championships -- Peter Eastgate (in one of his first interviews since returning to poker) and Jason Alexander (yes, from Seinfeld).
We do The Final Table show every Tuesday 3pm to 4pm CT on 590 KFNS radio from the poker room of Harrah's St. Louis, which will host the World Series Of Poker Circuit Event March 31-April 12.
Greg Raymer will be at Harrah's St. Louis to conduct his Fossilman Poker Training seminar on Saturday, April 9th. Registration is limited, but if you sign up before this Friday (March 18th), you'll save $50 off the cost of this special one-day event. Click here for more details.