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Old 09-02-2005, 01:39 PM
Catt Catt is offline
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Join Date: Jan 2005
Posts: 998
Default Re: Rakeback, taxes, and an argument for the IRS

[ QUOTE ]
Believe whatever you want, and pay your taxes accordingly.

I consider it income - I pay on everything I take from Neteller to my checking account. Makes it pretty simple for me.

Dogmeat [img]/images/graemlins/spade.gif[/img]

[/ QUOTE ]

That surely does make it simpler for you, but it doesn't make it correct. Whether your income (winnings, bonuses, rakeback) is kept at a poker site, at Neteller, or in your checking account doesn't affect its categorization as taxable income.
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