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Old 08-28-2005, 01:22 PM
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Default Re: Washington Post Poker Players/Tax/IRS Article...

But just because the payer doesn't report the income doesn't mean the gambler doesn't have to, Kelson cautioned. He said he has found the IRS increasingly doing "root canal" audits in which the taxpayer is required to account for every bank deposit. These and other tactics can enable the IRS "to stumble over your gambling winnings," he said.

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