[LittleOldLady]

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Wow- where does one start? I started playing 7-8 months ago. Everything "just clicked" 2-3 months ago, thanks to Ed, David, Mason and all the great posters here. This year-I probably should be concerned. Next year- I'll definitely have to be concerned. So my questions are:

1. Where would one find a "Pitbull" CPA well versed with gambling tax law? (I live in a small community)

2. Gambling is illegal in my locality. Am I potentially implicating myself?

3. Say I take bi-weekly withdrawals from Neteller. Can't I just claim 26 winning sessions for simplicity's sake? Is it really necessary to keep track of the 50,183(slight exaageration) tables I played that year?

I would like to start off 2006 in the right way, but have no clue what I should be doing when I sit down in front of the computer for my first 2006 session.

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I can't refer you to a CPA in your area, but I can tell you that that you must pay taxes on income derived illegally even if it does implicate you (apparently you are not protected in this regard by your 5th Amendment constitutional rights). Crooks get convicted and incarcerated for failure to pay taxes on illegal income even if the government does not have the evidence to convict them on the criminal acts themselves. No, you cannot just declare net winnings or withdrawals from Neteller. You have to keep track of winning sessions and losing sessions--and what constitutes a session is not all that clear. There is nothing simple about the US Tax Code at all--except that the IRS simply wants your money. When you sit down to play record everything per session, however you define session. And look for advice on what constitutes a session.

And, Belgianbeerlover, toast the new year with a bottle of Grimbergen or Verboden Vrucht (my favorites).