Billiard Tax Packet
This tax information is prepared specifically for billiard players. I have attempted to make it very simple
and easy to understand. For legal reasons, I have to make the following disclaimer: I am not an accountant.
This information is being given as a basic guideline to understanding your responsibilities as a billiard
player when it comes to filing tax returns with the government. You should not accept this information as
being 100% accurate and should always consult a certified public accountant (CPA) before filing a tax
return. Under no circumstances, including, but not limited to, negligence, shall the author or the United
States Billiard Association Inc.(USBA) be liable for any special or consequential damages that result from
the use of, or the inability to use, the information contained herein. In no event shall the author or the
USBA be liable to the reader for any or all damages, losses, and causes of action (whether in contract, tort
(including, but not limited to, negligence)).
Many billiard players do not realize that even if they earn income from playing billiards or giving lessons,
etc, that they do not necessarily owe taxes to the government. It depends on how much income they have
earned for the year and also how much money they have spent on billiards during the year.
If a player wins more than $600.00 from the USBA annually, the USBA must submit a statement of income
(IRS Form 1099-MISC) to both the player and the IRS. The player must declare this income on their tax
return for the year in which the payment was received. The IRS is very good at matching up 1099’s with
taxpayers, and will expect you to either pay tax on the income or explain why you should not.
Many things are legitimate billiard expenses such as the following:
Table Time: The money you spend at billiard rooms to practice or play others
Purchase of Equipment: Cues, cue tips, ferrules, shafts, chalk, cue cases, labor paid to others to fix up
your cue, etc,