US govt security clearance and "gambling"

[Toro]

If this really materializes as a conflict with the Government job, you have no alternative but to quit. The job, of course, not poker.

[Kurn, son of Mogh]

Work in the private sector.

[midas]

EastBay:

I have a suggestion that may work but it may go again how to report gambling income and losses to the IRS.

Declare your Net Poker Gain as Other Income thus paying the correct amount of taxes to the IRS and not declaring your poker "hobby" to your other employer. Keep great records of your actual poker profit and loss statements in a very secure place like a safe deposit box just in case your get audited so you can prove your true gain.

[britspin]

Reading this, you have to wonder how Harry Truman and Richard Nixon passed the V-P selection process, never mind held the top job.

[eastbay]

[ QUOTE ]
I think poker's surging popularity will certainly help you out.

[/ QUOTE ]

I had the same thought. I hope you are right.

eastbay

[eastbay]

[ QUOTE ]
If this really materializes as a conflict with the Government job, you have no alternative but to quit. The job, of course, not poker.

[/ QUOTE ]

Uhh... right. No, actually, given the choice I'd quit poker, hands down.

eastbay

[eastbay]

[ QUOTE ]
Work in the private sector.

[/ QUOTE ]

Actually, most jobs in the private sector that I am qualified for that pay anywhere near what I make now, also require an equivalent level of clearance.

eastbay

[eastbay]

[ QUOTE ]
EastBay:

I have a suggestion that may work but it may go again how to report gambling income and losses to the IRS.

Declare your Net Poker Gain as Other Income thus paying the correct amount of taxes to the IRS and not declaring your poker "hobby" to your other employer. Keep great records of your actual poker profit and loss statements in a very secure place like a safe deposit box just in case your get audited so you can prove your true gain.

[/ QUOTE ]

I considered something along these lines for about two seconds, but the fact of the matter is that these guys are very good at what they do and they will find out. Attempting to keep it a secret from them would be a big mistake. For my initial investigation, they were somehow able to discover various shenanigans that I was involved in in high school, almost 20 years ago.

No, they will find out. My soon to be wife, my family, and my friends all know about the extent of my poker playing.

eastbay

[eastbay]

[ QUOTE ]
Reading this, you have to wonder how Harry Truman and Richard Nixon passed the V-P selection process, never mind held the top job.

[/ QUOTE ]

Good point.

Not to mention I got put through the wringer for pot smoking and beer drinking from my high school and college days the first time around.

I never touched cocaine in my life, and GW is President.

eastbay

[Kurn, son of Mogh]

Declare your Net Poker Gain as Other Income

IRS pub. 529 specifically forbids this.