Thread: tax question
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Old 11-13-2005, 09:50 AM
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Default Re: tax question

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So I have learned through the message boards that you have to pay taxes on what is in your account and not just what you cashout from neteller. I am about to pay for the state taxes before jan 1st 2006 so that I can deduct off the fed taxes. So... my question is... I have about 50k in an account that is being blocked and investigated because I was at a table where people were dumping chips. One person told me that he account was suspended for 8 weeks. So I am in a way scared, perhaps this is a shady site and I don't get my money back... There is a chance. In this situation would I have to pay taxes for the year with the money that is currently blocked?

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This sucks on many levels. I would think you wouldn't have to pay since you do not even have access to it but who knows. I would find out from a professional. I wonder if this thread will still get flammed by the tax nazis.
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