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Old 10-05-2004, 04:16 AM
Nightwish Nightwish is offline
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Join Date: Mar 2004
Posts: 182
Default Re: Internet poker and taxes and moving abroad.

The only catch with filing as a professional gambler is that, if audited, the IRS may expect you to prove that you are in fact a professional gambler. This means that you must show a long-term winning record (ideally at least 3 of the last 5 years) and prove that you are in fact in the business of gambling. That means you must diligently maintain a log of your gambling wins/losses. It would also help to get a business address (a PO box) and maybe even business cards.
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