Re: need advice from college students
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Technically, as others stated, u need to report it all. But this solution has essentially no risk as there is no record of the money and sites dont send account balances to the IRS. This is a solution, if u think its immoral, do what you want. I for one am not upset by it.
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The sites DO keep records of how much you 'take to' and 'leave with' from the table. If the IRS asks you to provide those records - you're going to have to do so. It's pretty stupid to think that you can put the responsibility on the poker sites. Just because they're not reporting to the IRS doesn't mean that the records aren't there. It also doesn't mean that if the IRS asks YOU for them that you can continue to evade.
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