Re: Pay taxes on earnings?
any income, including gambling earnings are taxable, even $1. most players keep two sets of records, one showing greater losses then they really loose. if you win cash, it is difficult for the irs to know. the online compines are offshore, and do not report winnings to the irs. partypoker even has epassport linked to it, which is an offshore debit visa and atm card - i think epassport is a terrific solution. however, if you do not report gambling income, you are breaking the law.
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