Legal Issue

[Steve Mills]

Hello everyone,

One of my close friends has a son who plays online poker (surprise, surprise [img]/images/graemlins/ooo.gif[/img]). He didnt think this was a problem until he won a big multi last week and took down something like 4,000 i think he said. I wish i could win this much [img]/images/graemlins/laugh.gif[/img]. Anyway, this obviously got him concerned and he started asking me about it.

I was wondering how or if he should go about reporting the gambling income of a 16 year old. He asked me but i had no idea. Obviously this is illegal on many levels, but other than telling the kid to blow all his winnings and stop playing what can be done as far as taxes and what not. Should he even be concerned about taxes? I don't know the kid that well but he seems like a responsible kid and a pretty good cardplayer and seems to be making a good amount. I don't think his dad or I see a problem with him continuing as long as its as legal as possible.

Thanks in advance,