Any person that profits from the rake...should be aware...

[annieadlin]

I was reading the day/night/Cyndie thread and thought I would start a new thread for this subject, even though it has been hashed before.

Any person that profits from the rake should be aware that they could be letting themselves in for a can of worms somewhere down the line.
This is solely my opinion/conclusion
(based on reading of laws past and proposed, including the Rico act, and conversations with others, many of whom are far more versed in the law than I).
There is still a very gray line for internet poker.
Ownership/partnership and/or participation in profit derived from rake MAY be interpreted as participation in a gaming entity. Although the gaming operation may be fully legal in a Foreign country, if you are a US citizen profiting from the rake, who may find yourself in hot water should the powers that be in our country decide to come after 'the little' guy.

Is it worth it?
Are you going to disclose this as earned income on your tax return?
If so, are you going to disclose it as money received from an offshore entity?
As a percentage of rake from players you recruited to participate in a gaming activity?
Will you feel confident disclosing this should you be audited?

This is solely my opinion.
Annie