This should end all of the false claims about paying US taxes on poker

[genesisgkh1]

The IRS has not defined a poker session. As far as I know, there are no hard and fast tax rules regarding reporting wins and loses by session, then having your poker site close down before you can cash out your winnings. By the letter of the law, if you play poker regularly, you must report it on your tax return, win or lose. Yet no losing poker player reports anything on their taxes, and NONE of them are in jail. Online poker is new and there are gray areas with regard to the tax code. Too many in this forum claim black and white and only they are correct, but just saying it don't necessarily make it so. DO NOT listen to anyone who says online poker income is not taxable. DO NOT listen to anyone who says you must report $1,000,000 in income and put the $999,000 under itemized deductions. DO NOT listen to anyone who talks about putting someone in jail if they made a good faith effort to pay their taxes. Contact a tax professional.