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The hundredth tax question...
Sorry but my dad ripped into me for 2 hours today so I need to clear some things up. Any links to proof would be nice too. This is my situation:
I'm 18 and currently listed as my dad's dependent. I have a couple grand in neteller. I say the IRS has no idea what is in my neteller account. My dad claims that because I gave them my SSN, they report everything to the IRS. I've only withdrawn about $500 from my neteller. I'm about to cash a check for $1450 from Ausvegas. I'm telling my dad to just put $2000 as my income. He says I have to put my entire gambling winnings and tax it 25%?!?!! I CAN just put the $2000 and put it as a different form of income can't I? What form of income??? My dad says that any transactions I make with my bank account, the IRS is not aware of unless they audit me. IE, when I cash my check for $1450, it's completely "safe". Is he right? Thanks for any help! |
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