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#1
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Re: Tax Questions Forum
This would be very nice as I am young and would love to get tax deduction advice form some of those more experienced at paying those damn things.
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#2
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Re: Tax Questions Forum
I am a CasinoBlasters affiliate. CasinoBlasters is an online casino gambling company based in Canada. I am a resident of the United States of America. I get paid 50% of the profits when a player that I refer loses money. Do I have to report any of my earnings to the IRS since 1. I am a US citizen and CasinoBlasters is a Canadian company or 2. The nature of the business is online gambling. Would either of these be reason enough not to have to report my earnings to the IRS?
Thanks much, Darren |
#3
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Re: Tax Questions Forum
This has been answered before: Yes, as a US citizen you have to pay taxes on virtually all income, including "overseas" income. This certainly falls into that category. The legality of the enterprise doesn't matter: drug dealers, embezzlers, gamblers, etc. all owe income tax to Uncle Sam, even if the source of the income is highly tainted. Remember, Al Capone was convicted on tax charges relating to his unreported illicit income, not on the illegal activities that were the source of that income.
Standard disclaimer: I am not an expert, just another user of these forums. |
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