Re: Who Reports Their Winnings As Income?
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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.
gm
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Now this is poor thinking, the penalty for getting caught is the same whether it is for $1000 or $100K. You should be thinking the opposite of what you are.
See Title 18 USC § 371 for the penalty for conspiracy to commit tax fraud.
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