Safe ways to cash out

[BigF]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Ok, that is good. I am not an american citizen yet, but when I do become one, I will pay taxes on my winnings. Is there a clear answer to the question of how one reports winnings and losses? Is it ok to just report say $45,000 in net winnings, and pay taxes on that? How high is the tax?

[/ QUOTE ]

You need to pay taxes on your winnings as long as you live here. If you are a US citizen OR permanent resident, you need to pay taxes even if you don't live here.

[/ QUOTE ]

how can a permanent resident not live here?

[/ QUOTE ]

"Permanent Resident" is just a name for people who've got a piece of paper called "Green Card".