Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Business, Finance, and Investing
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #1  
Old 05-09-2007, 09:17 PM
Colombo Colombo is offline
Senior Member
 
Join Date: Feb 2005
Location: boston
Posts: 1,810
Default Poker Taxes

Sorry if this isn't the right forum, feel free to move it.

Basically, I've been playing poker for awhile and I just made alot of money. I had already cashed out $30,000 (in many small checks) and I never told the government about it. However, I have a problem now. I have $60,000 online that I want to get out.

Is there a way to get this money out without paying taxes? If not, how would I go about paying these taxes? Is there anyway that I can get my taxes reduced by filing for losses (for example, i lost $30,000 in january, but it wasn't from a new deposit, just profits that I had lost).

My next question: Is the 30k that I cashed out safe? Is the government gonna go hunt that down and fine me for not paying taxes on it?

Finally, how do I apply to be a poker professional?
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 10:13 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2026, vBulletin Solutions Inc.