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At the risk of beating a dead horse, I just wanted to share a little of my morning paranoia. So I know that despite my protestations, a number of online poker players still don’t plan to report their play on their taxes. I frankly think ...
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[...] Ed Miller makes a good point about Neteller and taxes In his blog post today: Neteller and the IRS · Noted Poker Authority "At the risk of beating a dead horse, I just wanted to share a little of my morning paranoia. So I know that despite my protestations, a number of online poker players still don’t plan to report their play on their taxes. I frankly think that it’s an enormous risk to take, and I fully expect to see some online poker players sent to prison in the next few years over it" (The good point comes later. Go read it) [...]
When you go up against Uncle Sam, you are always drawing dead.
Just today there was a thread on 2+2 about gambling taxes, and predictably, several people chimed in with advice to evade taxes.
Please, for god’s sake, do not encourage people to evade taxes on a public internet forum, and do not boast that you are evading taxes. This is severely a bad idea. If you have tax questions, please consult a tax professional, not a bunch of ignorant kids on a message board.