poker n taxes

[treeofwisdom7]

hey i was just wondering if the goverment can track poker income in any way.. has anyone gotten in trouble for poker profits?

[eric5148]

Wrong forum, n00b.

[renodoc]

The forum police really suck.

Some of us don't spend *all* our waking hours on this site.

Give us all a break. Boo on Pooh-bah.

[treeofwisdom7]

[ QUOTE ]
The forum police really suck.

Some of us don't spend *all* our waking hours on this site.

Give us all a break. Boo on Pooh-bah.

[/ QUOTE ]

well even if your not gonna do it, its best that you know how to if you start making some cash

[treeofwisdom7]

does anyone live in a state where net gambling is illegal but they pay taxes??? can you PM me , tell me what you do during tax time..

i need some help

[Olof]

I'm not American (no taxes on my poker winnings, HA!) but I have read on several different occasions that the IRS doesn't care whether you derived your income from legal sources or not, and that they won't report you to the police (even if you earned the money selling crack) as long as you pay them their share.

[flub]

Even if it's not legal in your state you still pay taxes on it like it is. They're not going to go after you for reporting income even if it's from an illegal source. I've seen a case where it was tried and it was thrown out by the judge. State tax forms are usually 98% based on federal forms anyway.

Also, for all they know you won the money in Vegas where it is legal. You don't specify internet gambling.
-f

[deacsoft]

[ QUOTE ]
has anyone gotten in trouble for poker profits?

[/ QUOTE ]

Not me. Because I know that the goverment can track poker income.

[brassnuts]

[ QUOTE ]
IRS notified In a moment you will be automatically returned to the forum.

[/ QUOTE ]

[deacsoft]

[ QUOTE ]
[ QUOTE ]
IRS notified In a moment you will be automatically returned to the forum.

[/ QUOTE ]

[/ QUOTE ]

Nice work. [img]/images/graemlins/smile.gif[/img]