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Old 11-22-2005, 03:56 PM
Zetack Zetack is offline
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Join Date: Jul 2003
Posts: 656
Default Re: Am I admitting to breaking the law when I pay my taxes on winnings?

[ QUOTE ]
Recent 60 min segment stated "internet gambling is 100% illegal"

So now when I pay taxes on my internet poker winnings, I am in essence admitting I gambled online and documenting that I have broken the law?

Is this something of concern?

Mizzles

[/ QUOTE ]

The answer is no. Assume for the sake of your question that internet gambling is illegal, paying your taxes internet gambling winnings is not an admission for the simple fact that it can not be used against you in court or turned over to law enforcement officials. If the IRS did turn over the information to local police who then developed other evidence to use against you in a criminal prosecution, that other evidence is highly likely not to be admissable in court.

Now if you get a divorce and as part of the divorce filings your wife claims that you make large sums of money gambling on the internet thus she wants more alimony...well the police can go to town on your ass.

--Zetack
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