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  #11  
Old 04-23-2004, 02:27 AM
Nightwish Nightwish is offline
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Default Re: TAXES On poker winnings

The legality of online gambling is irrelevant. If you sell drugs and you get caught, they'll get you both for selling drugs AND for not paying taxes on the money you made selling drugs.

US tax law is very complicated, but one thing is simple: you're supposed to pay taxes on all the money you earn. Whether you do that is up to you, but the consequences of not paying can be severe.
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  #12  
Old 04-23-2004, 02:41 AM
JTrue JTrue is offline
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Location: Rochester, NY
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Default Re: TAXES On poker winnings

I believe the standard deduction is 4,750 if you are single, 9,500 if you are married and 6,950 if you are a single parent and head of the household. One person's personal exemption is 3,050.
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  #13  
Old 04-23-2004, 05:23 AM
Ed Miller Ed Miller is offline
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Location: Writing \"Small Stakes Hold \'Em\"
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Default Re: TAXES On poker winnings

Either you already filed, or you applied for an extension. If you already filed, why do you care? If you filed for an extension, why do you care? You got at least like three months before you have to worry about this.
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  #14  
Old 04-23-2004, 05:31 AM
goofball goofball is offline
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Default Re: TAXES On poker winnings

not only that but if you do report the money you made selling drugs it won't get you in trouble
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  #15  
Old 04-23-2004, 08:21 AM
Kurn, son of Mogh Kurn, son of Mogh is offline
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Default Re: TAXES On poker winnings

Unless you're Canadian, any advice from David Ross will be useless.
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