Who Reports Their Winnings As Income?

[gaming_mouse]

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The IRS can't include your online accounts in an audit?

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Do you think PartyPoker (a non-US company) cooperates with IRS? Call them up and ask. They will you assure you that they will not give your records to anyone, including the IRS. Of course you can choose not to believe them, but I don't see any reason not to. They have everything to lose and nothing to gain by cooperating with our government.

gm

[gaming_mouse]

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It sounds so much cooler than saying I a have a neteller debit card.

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Excellent point. Rich man's problems, though. I'm not making enough to justify that yet. In fact, I just have my winnings sent into my bank account, because I'm just not worried about it. So my question actually WAS kind of theoretical.

gm

[AngryCola]

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you're gonna get caught.

pay your taxes.

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It really depends on how much you are bringing in, but I'm with the others who say to just be up front about it if it's an amount over a couple thousand.

Daryn,

You would get caught for obvious reasons. [img]/images/graemlins/wink.gif[/img]

gm,

The other users are probably correct when they point out the dangers of discussing this in such an open manner. It's not the smartest thing to be doing. While it's true that you probably won't "get caught" , unless you are bringing in some real money, why risk it? [img]/images/graemlins/smirk.gif[/img]

Pay da tax man, or he will f*ck you up.

Sincerely,
A Stupid Monty Python Fan (see avatar)

[mmcd]

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I do believe conspiracy to commit tax fraud is a crime in the US
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[snip
By the way, don't forget that discussing these things is not a crime.

gm [/snip]

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A conspiracy charge requires an overt act in furtherance of the criminal activity . Mere discussion is not criminal.

It is stupid to discuss this stuff in a public forum though because if you are ever caught, posts like this can be used to show knowledge/intent and make it a lot easier for the government to get a criminal conviction.

With the epassporte thing, I signed up for it a long time ago, and have never really used it, but from what I remember, I never even had to give them my real name. There was no verification, and I got the impression that I could get an epassporte visa under "Joe Smith" or "XG53H838" or whatever the hell name I wanted. Maybe this is different now?

[MicroBob]

If you are filing as a schedule-C as a 'professional' gambler I think you could do almost as well to just take advantage of the deductions that are available to you.

Mileage (and other expenses) to B&M casinos, new laptop, new monitor, ISP monthly bill, home-office equipment, etc.

you'll still be getting shafted a bit....but at least you'll be legitimate and you will cut down the total amount that you owe.

This is really the only option for me anyway as I don't have any other occupation so it's not like i can hide all my income.
For those who have a 'regular' job I suspect the check-cashing place or neteller ATM card is a viable option....albeit still with a decent amount of risk involved.

Get the book Gamber's Guide to Taxes by Walter Lewis for more info on deductions and filing as a 'professional' gambler.
I highly recommend it.


Somebody (I think astroglide) mentioned that if the IRS were to audit you and saw any EFT's from neteller they could ask to see your neteller acct page and would then also see the checks that were sent to you...(or something like that).
I don't know whether this is true or not. But his basic contention was that if the IRS asked to see your neteller records YOU would have to show them (or else you would be breaking the law).

I don't know whether neteller would cooperate with the IRS or not. But he said that it doesn't matter if neteller would...because you HAVE to.


Tax evasion is serious stuff.
They really don't care a whole lot about your internet-gambling....but if you don't pay taxes it gets kind of risky.

[mmcd]

It would probably be best to take it out on a boat and dump it in the ocean. You should definately try to go like 20-30 miles out though. Weight it down with chains and cinder blocks.

[LondonBroil]

I withdrawal around $500 every 2 weeks. I doubt this will raise any red flags IF I decide to not report my income. On the slim chance that I do get audited, will they come to me with my bank statements and say "So, we see these transfers from Neteller....." Do they even have access to this information? I mean, it's not like I'm driving around in a Bentley while I work at my $40K/year job.

[ricochet420]

We just just fill a hole, there are lots of holes in the desert, when in doubt, bury them up to the neck, then put some honey on the head, a bucket over top, and the ants will pick it clean.
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Its about 220 pounds and kinda smelly. Figured if were going to discuss how to rip off our beloved government than this my be the place to post this question. Thanks.

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[slickpoppa]

Gaming Mouse, I don't condone such behavior, but what about getting a bank account in the Cayman Islands?

[gusly]

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Somebody (I think astroglide) mentioned that if the IRS were to audit you and saw any EFT's from neteller they could ask to see your neteller acct page and would then also see the checks that were sent to you...(or something like that).


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This wouldn't be a problem if you had the poker site send you the check directly. You would bypass Neteller completely. I think this is what the previous poster meant by receiving checks in the mail and using check-cashing services.