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Old 10-31-2005, 02:07 AM
TheHammer24 TheHammer24 is offline
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Join Date: Apr 2005
Location: Changing my skirt
Posts: 335
Default Re: yes another TAX question....



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I didn't want to give him a number that included money on say party because I didn't think it was taxable until I withdrew it from site.

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It's taxable as soon as your session ends, but it is very difficult and not worth IRS' time to figure this out. It is rather easy, however, to figure out what you have withdrawn from the site. As a result, people can most likely "get away" with only reporting what they withdrawal into US accounts. However, unless you plan on losing the money, or permanetly keeping it in cyberspace, you are going to have to pay taxes on it eventually.

I think your accountant is trying to tell you it would be best to not report your full winnings, but that's just my opinion.
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