Could Tobey Maguire be required to testify?

Yes, he could be called, but witness lists can change as the trial develops. If subpoenaed, he would be required to appear unless the court rules otherwise. His testimony, if given, would likely focus on the nature of games, payouts, and any records tied to poker winnings taxes.

How are poker winnings taxed in the US?

All gambling winnings are taxable and must be reported on Form 1040. Casinos may issue information forms, but reporting is required even without paperwork. Professional players may have business reporting. State taxes can also apply. Keep contemporaneous records to match deposits, tickets, and logs to your return.

Can gambling losses reduce my taxes?

Yes, losses can offset gambling winnings if you itemize, but only up to the amount of your winnings. Losses cannot create a net tax loss. Back up deductions with logs, receipts, bank statements, and digital records. Without proof, the IRS can deny offsets and assess penalties and interest.

What should investors watch in the Tom Goldstein tax trial?

Watch for evidence on unreported income, recordkeeping gaps, and any references to service providers handling funds. Note any high-profile testimony, including possible mentions of Alec Gores. Companies may disclose higher compliance spending or inquiries. These signals help gauge enforcement intensity and potential cost impacts on gaming and payment firms.

Law and Government

January 17: Tobey Maguire May Testify in Tom Goldstein Tax Trial

ByDanny Kontos January 17, 2026January 17, 2026

Tobey Maguire may be called to testify in the Tom Goldstein tax trial, a case tied to alleged unreported high-stakes poker winnings. As of January 17, the proceedings highlight rising IRS attention on gambling income and recordkeeping by high earners. We outline how poker winnings taxes work, what this enforcement push could mean for players and service providers, and key signals to watch in court. For US readers and investors, the outcome could shape compliance costs, audit risk, and public disclosures across gaming and adjacent industries.