Tax Questions and a Survey.
I've posted before about tax issues and poker but my questions weren't really answered and seeing how tax season is coming up, I just have a few more questions for anyone who may know.
Firstly, I'd just like to get a sense of who is paying taxes from thier poker winnings.
My other question is, let's say that I decided to not pay taxes on last years winnings but then decide to pay taxes on this years winnings. I have been told, once you decide to claim the winnings, this puts up a red flag to the IRS and you should pay taxes on your winnings from that year forward because you are more likely to get caught if you don't.
My question is should I be wary of being audited for last year in coming years if I decide to pay taxes at some point down the line?
I appreciate any responses as I am very interested in this subject.
Thank you.
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