Who Pays Taxes on Poker Earnings? (POLL)

[AL5AcE]

I think this is an issue everybody should seriously consider.

I've been playing for a few months and have accumulated a couple of thousand in the bank from poker and I'm not sure what to do with this in terms of taxes. Who pays taxes on their poker earnings, and how much do/did you make before you started to?

Also, I am thinking if I did pay taxes on this, I'd leave out my online bankroll. Is there a way for IRS to get me on this? Has anyone gotten in trouble for not paying taxes on poker income?

Poll below, Thanks for your responses!

[jrz1972]

I pay on all my winnings.

That said, if I were going to cheat, I would pay taxes on my online play and conveniently omit my live play. It would be very easy for the IRS to nail my ass on my internet play since there's such a clear paper trail, whereas live play is all cash and harder to trace.

But that's just hypothetical. Pay your taxes and don't be a deadbeat.

[Swedebubba]

Pay your taxes don't be a leach on society. Check out this link for tips on taxes. taxes

[MadMat]

I voted Nope as I'm not liable for any taxes on my winnings!

[Altaslim]

Don't be stupid. If you make money and you don't pay taxes you are subject to horrible fines. The IRS is not going to want to throw you in jail, but you'll have to pay what you owe plus penalties and late charges.

[Python49]

http://www.onlinepokerfaq.com/guide/tax-sessions.html - lol i dont see how anyone filing their taxes this way is not getting screwed and is even able to make money

[Python49]

also doesnt filing taxes on gambling just draw a red flag in their system anyway and give them more of a reason to audit you?

[AcmeSalesRep]

[ QUOTE ]
also doesnt filing taxes on gambling just draw a red flag in their system anyway and give them more of a reason to audit you?

[/ QUOTE ]

Would you rather be audited after FAILING to pay your taxes?

Acme

[GoCubsGo]

Have there been cases of people getting audited? There are so many people playing online, where does the government draw the line? Do they randomly select people or start at the top? How do they get the information if online casinos are offshore?

[thewildone]

i make plenty in online poker but i would never give the us goverment one dime of my income. So no i never will pay taxes! [img]/images/graemlins/smile.gif[/img]