Re: Who Reports Their Winnings As Income?
Carl,
Thanks for the story. If I start making 100K, I would report most of it for sure. For the amount I make now, it doesn't make sense to (I don't think), as there is little risk of getting caught.
Anyway, I'd still like to learn more facts about how it works, and what methods the IRS uses. From the responses here, it seems like they have everyone scared into submission, and nobody really knows what methods they have access to, but just assumes that they are omnisicient and all-powerful.
My point is just that there are also some people who don't get caught, and I don't think it's just a matter of luck.
gm
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