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Search: Posts Made By: CORed
Forum: Internet Gambling 07-06-2005, 04:07 PM
Replies: 20
Views: 82
Posted By CORed
Re: Online poker and taxes...?

The IRS does do random audits. It's probably pretty low probability that they would hit me, but I sleep better knowing that I won't get nailed. Besides, my net poker income is already over $40,000...
Forum: Internet Gambling 07-06-2005, 12:41 PM
Replies: 20
Views: 82
Posted By CORed
Re: Online poker and taxes...?

If you win a bad beat jackpot or a tournament, they will make you fill out a W2-G. Live poker and house banked table games are not subject to this, as far as I know, but if you cash out (or buy in...
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