Re: i still dont understand...
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how the irs or anyone else would ever know you had money in an offshore account. the money doesn't seem to exist until its moved to america. if you never move it it never exists..it seems like when ur in the casino, you dont have to pay taxes while you are in action only when you cash out.
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This isn't the same thing. As Ed (and others) have said in other replies, I'm not a tax professional, but I know enough to know that if you believe that you don't owe tax on your winnings just because it's all sitting in your Party Poker / Neteller / whatever account, you are wrong. You may be able to get away with it ... and you may not. But it's definitely taxable.
I think anyone making money at poker would be well-served finding a quality tax professional.
Barron Vangor Toth
BarronVangorToth.com
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