#33
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Re: need advice from college students
[ QUOTE ]
Yes, the poker sites record your results now. But go to Party and try to find your record from a year ago. Its gone. When you are audited, only your past year returns can be audited. When IRS asks you to provide records from the site for the past year, how are you going to do it if the record is not accessible to you? [/ QUOTE ] Because it's your responsibility to keep/provide them! So, when you tell them the $200k that suddenly appears in, say, 2008 was all made in that year, and that you had only been making $4k a year up to that point, they are going to ask you for the *current* years records showing your $200k in wins. What are you going to tell them, that you can't even provide your session results for the current year? |
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