Re: Taxes when you have minimal records.
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you are a fool to report it.
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Please expand
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he has a full time job. his winnings are a small portion of said job. the likelyhood of him being audited = very very small.
if he is audited, he will only have to pay penalty.
amount of penalty versus risk of audited and found to be in the wrong... clearly he is better off not worrying about it.
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