Re: Where to start???
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The real question is if the IRS is going to decide to look into your friend's financial records for the past few years or not...
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This makes sense, but he's kind of banking on the fact that it doesn't look too odd for a kid to be broke while in college and then experience a huge upswing in income the year after he graduates. But if the IRS is going to make it a policy to ivestigate every poker player's past history the first year they file as a pro, then he may be in trouble.
Thanks a lot for your input. Anyone else care to chime in?
- Jags
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