The rumors had merit … there will be no automatic 25 percent withholding on all poker tournament wins over $5,000. The headlines give a little indication on where different operations stand on tournament winners and their ethical obligations to pay the federal government its juice:

CardPlayer: “Tax Law Stopped”
PokerListings: “Tax Code Clarified”
4Flush: “Still Being Worked on”
PokerNews: “Tax Proposal Nixed”
I. Nelson Rose: “IRS Has Changed the Law”