So you're planning on not filing your taxes....

[ChristinaB]

Consider this:

If you file a tax return, the IRS only has 3 years to dispute or audit that return. (The statute of limitations on collecting the money is 10 years)

If you do not file at all, the clock does NOT start ticking, they can go after you 20 years from now.

So if you are a college student without sufficient income to file (when you don't count your poker income), you are setting yourself up for a future nightmare.

Win a big tourny 15 years from now, and the IRS will decide to dig into all those years you didn't file. They went after Richard Hatch (the first Survivor winner) btw after he won his million dollar prize.

[Nfinity]

You forgot to mention that Richard neglected to report an entire MILLION that he won on national TV.

Otherwise good advice

[csuf_gambler]

wow talk about out of context.

richard evaded paying taxes on $1,000,000, thats ONE MILLION DOLLARS.

the IRS isn't gonna come at me or any other college dependent for not paying taxes on some $10,000 that i made from internet poker.

[ChristinaB]

[ QUOTE ]
wow talk about out of context.

richard evaded paying taxes on $1,000,000, thats ONE MILLION DOLLARS.

the IRS isn't gonna come at me or any other college dependent for not paying taxes on some $10,000 that i made from internet poker.

[/ QUOTE ]

The context I mentioned was...
[ QUOTE ]
Win a big tourny 15 years from now

[/ QUOTE ]

I'm sure someone at the IRS checked into Greg Raymer's returns, but saw they were in order. If they hadn't been we'd have seen the Front Page Headline... [b]"World Poker Champ is Tax Delinquent"

[jasonHoldEm]

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the IRS isn't gonna come at me or any other college dependent for not paying taxes on some $10,000 that i made from internet poker.

[/ QUOTE ]

I'm eagerly awaiting someone on 2+2 to get bent over and raped by the IRS so we'll have a good thread to point people with your attitude towards.

J

[daveymck]

I dont understand the I'm not paying attitude. I assume all these college kids if they were flipping burgers would be taxed at source, just cos you earn on the internet playing cards doesnt mean you are excempt from paying.

Screwing with the tax man is never a good idea, there is a chance you will get caught and when you do the interest and additional charges (as well as the chances of a criminal record) will make the small amount you might pay now into a larger amount later.

You guys are playing an adult game you should suck up and take your adult responsibilities. Finding ways to net off you income to reduce you taxes we all do, sticking your head in the sand and not paying is just madness.

Theres a guy here hasnt filled in his tax return for three years he now is going to have to pay $15k plus charges all in one lump sum.

If you dont agree with the law then lobby for change but dont ignore it.

[2ndGoat]

<<I dont understand the I'm not paying attitude. I assume all these college kids if they were flipping burgers would be taxed at source, just cos you earn on the internet playing cards doesnt mean you are excempt from paying.>>

I have a theory about this. I was a freshman in college at the very hight of the napster craze, and of course had plenty of other filesharing options for the remainder of college. (I got just as much free s*** as the next guy, so don't think this is a holier-than-thou post.) I think it created a generation of small-time law evaders and a belief in a cicada-like survival system.

For those of you not familiar with cicadas, East Coast US (and I'm not sure where else) gets hit with a veritable pestilence of large, harmless insects every 17 years or so. They have virtually no means of defending themseves, but because of their sheer numbers, their species is in no danger of extinction from predators, and an individual cicada has a pretty good survival rate.

Now back to the college kids... with 2 gazllion (if you recall, the odds of Oakland winning the ncaa tournament) of us downloading files, it didn't really matter to most of us that 1000 were getting taken down in court. Besides, there were half-decent ways around getting discovered anyway.

Furthermore, a lot of my peers developed a personal justification of this behavior based on the belief that they only people they're hurting is a corrupt recording industry that charges $15 for a cd that costs 3 cents to produce etc etc (i'm well aware of the counter arguments to this, I'm just putting forth what a lot of my peers put forth as justification for their actions).

Now we get out of college and some of us have income that does not have taxes withheld. We see that only 1.5% of returns get audited, so must of us could slide by, and we still carry that feeling of disenfranchisement in a corrupt government. Not here to start a debate about whether government is corrupt, either, but you know lots of college kids see things like soft money and politicans that are too weak-willed to reform a social security system that figures to pay out nothing to us in its current form, and you get some unhappy kids.

So we end up with a similar attitude to the one we developed in using napster and friends. I very much didn't want to pay taxes this year but after having a substancial non-poker windfall at the end of 2004 I made the "right" decision.

Regardless, on a large scale, the training wheels are off, and the cat is out of the bag.

2nd

[radek2166]

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the IRS isn't gonna come at me or any other college dependent for not paying taxes on some $10,000 that i made from internet poker.

[/ QUOTE ]

I'm eagerly awaiting someone on 2+2 to get bent over and raped by the IRS so we'll have a good thread to point people with your attitude towards.

J

[/ QUOTE ]

[Acesover8s]

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I'm eagerly awaiting someone on 2+2 to get bent over and raped by the IRS so we'll have a good thread to point people with your attitude towards.

[/ QUOTE ]

This has already happened in a prior year. I'll let him/her elaborate if they wish to.

[PsYcHo-ScHnAuZeR]

[ QUOTE ]
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I'm eagerly awaiting someone on 2+2 to get bent over and raped by the IRS so we'll have a good thread to point people with your attitude towards.

[/ QUOTE ]

This has already happened in a prior year. I'll let him/her elaborate if they wish to.

[/ QUOTE ]

Someone needs to provide a link. I assume it's in the archives.