View Single Post
  #33  
Old 02-01-2007, 05:43 PM
atomicsoda atomicsoda is offline
Senior Member
 
Join Date: Oct 2004
Location: brooklyn
Posts: 190
Default Re: This should end all of the false claims about paying US taxes on p

[ QUOTE ]
Note that the law technically requires a losing player (who may never have even cashed out) to declare winnings. Do you think 1 in 500 do so?


[/ QUOTE ]

If you never cash out why would you declare anything. The IRS will only care if money is coming into your bank account and not being accounted for. The IRS cares about W2G income and unaccounted for deposits to your account. Same as in a B&M.
Reply With Quote