Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

View Poll Results: Which is the more amazing feat?
Sandberg's erroless streak 9 27.27%
Boggs drinking 64 beers 24 72.73%
Voters: 33. You may not vote on this poll

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #19  
Old 12-14-2005, 06:10 AM
Niediam Niediam is offline
Senior Member
 
Join Date: Jan 2005
Location: Michigan
Posts: 823
Default Re: Quick Tax poll (not whether or not you\'re paying)

[ QUOTE ]
My definition of a session is that it begins when you buy chips (deposit) from an online poker site and ends when you cash those chips out (in the case of online to neteller or a bank account), just as I believe it does with live poker.
Also, I have absolutely no records of session by session play but I do want to be legitimate and pay taxes even if I only made like 10 or 15k, so bank and neteller records is all I have to go on.

[/ QUOTE ]

The IRS has ruled that such things as taking a long lunch break or switching from Hold'em to Omaha can trigger a new session with B&M play. I don't think your 'until I cash in the chips' plan is legal. Of course I really can't see any way for them to find out...
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 03:46 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.