Am I admitting to breaking the law when I pay my taxes on winnings?
 

Recent 60 min segment stated "internet gambling is 100% illegal"

So now when I pay taxes on my internet poker winnings, I am in essence admitting I gambled online and documenting that I have broken the law?

Is this something of concern?

Mizzles

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

Ask Al Capone.

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

[ QUOTE ]
Ask Al Capone.

[/ QUOTE ]

Pardon the ignorance, but I don't know what you mean by this, could you please elaborate, thanks

Mizzles

Re: Am I admitting to breaking the law when I pay my taxes on winnings
 

No.

Gambling online isn't necessarily illegal, despite what 60 minutes says.

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

while you will get some "experts" who will tell you that they know the answer, the fact is that no one knows the best way to handle internet poker winnings. Its all a big crapshoot.

Re: Am I admitting to breaking the law when I pay my taxes on winnings
 

[ QUOTE ]
No.

Gambling online isn't necessarily illegal, despite what 60 minutes says.

[/ QUOTE ]

in this country things are legal unless there is a law that specifically says they are not. there is no law that says that gambling online is illegal.

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

[ QUOTE ]
Recent 60 min segment stated "internet gambling is 100% illegal"

So now when I pay taxes on my internet poker winnings, I am in essence admitting I gambled online and documenting that I have broken the law?

Is this something of concern?

Mizzles

[/ QUOTE ]

The answer is no. Assume for the sake of your question that internet gambling is illegal, paying your taxes internet gambling winnings is not an admission for the simple fact that it can not be used against you in court or turned over to law enforcement officials. If the IRS did turn over the information to local police who then developed other evidence to use against you in a criminal prosecution, that other evidence is highly likely not to be admissable in court.

Now if you get a divorce and as part of the divorce filings your wife claims that you make large sums of money gambling on the internet thus she wants more alimony...well the police can go to town on your ass.

--Zetack

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

[ QUOTE ]
[ QUOTE ]
Ask Al Capone.

[/ QUOTE ]

Pardon the ignorance, but I don't know what you mean by this, could you please elaborate, thanks

Mizzles

[/ QUOTE ]

Al Capoen was brought down for income tax evasion.

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

The IRS doesn't report anything to other agencies--it's not in their best interest. They just want their cut. That's why it's shouldn't be a big concern. Al Capone and numerous other mobsters were nailed for tax evasion because even though the police couldn't get hard evidence on just how they were making large sums of money, they were indeed making large sums and not paying taxes on it. That's been the downfall of a lot of criminal organizations. So pay your taxes, and don't worry about it.

Re: Am I admitting to breaking the law when I pay my taxes on winnings?
 

keep records of each session. file taxes and pay the man= no incarceration.
ignore responsibility of being an American citizen=
playing cards for smokes