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?
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