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| View Poll Results: Comedy (in alphabetical order) | |||
| Cheers |
   
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5 | 5.49% |
| Frasier |
  
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4 | 4.40% |
| M*A*S*H |
  
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2 | 2.20% |
| Seinfeld |
  
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47 | 51.65% |
| Simpsons |
  
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33 | 36.26% |
| Voters: 91. You may not vote on this poll | |||
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#1
08-23-2005, 01:37 PM
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Re: Who Pays Taxes on Poker Earnings? (POLL)
[ QUOTE ]
bad form. [/ QUOTE ] not really, this was the advice I was given by my CPA. Essentially if I pay taxes on everything that is reportable. Live cash & carry income for me is less than 10K, hence I don't report it. I see your point and technically your correct, but I'm just living by the IRS guidelines for gambling income. They know this is a big gaping hole in the tax code, if I was depositing my live play winnings then this would of course be a different situation. TT [img]/images/graemlins/club.gif[/img] 
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#2
08-23-2005, 03:17 PM
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Re: Who Pays Taxes on Poker Earnings? (POLL)
[ QUOTE ]
I see your point and technically your correct, but I'm just living by the IRS guidelines for gambling income. [/ QUOTE ] No you don't. Either you are not living by the IRS guidelines (and I maintain my original reply if this is the case) or I don't understand the guidelines. Can you explain how your under 10K cash and carry whatever is not taxable income?
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