Re: IRS Neteller Audits
 

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Richard can pay his taxes or be a tax-evading criminal.

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I doubt Richard even thought about it. You think Richard should pay on an additional $9,000 of income?

On another point, the tax laws won't be changed. No one cares about gamblers. Most gamblers will simply not follow the tax law. I would estimate the compliance rate to be less than 2%. And I am talking honest misstakes.


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This is terrible. A law that is not enforced, and has low practical chance of being enforced is worse than useless. It causes general disrespect for laws.
And Richard maybe screwed at government's discretion, if the cost of processing the Neteller database is less than what government can hope to obtain in judgment against Richard.

Re: IRS Neteller Audits
 

this thread is [censored] retarded.

Re: IRS Neteller Audits
 

How would the IRS get Neteller's database? Wasn't Neteller a Canadian company and now is a UK company?

Re: IRS Neteller Audits
 

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this thread is [censored] retarded.

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Re: IRS Neteller Audits
 

The supposition was that Neteller gave access to personal player information as part of their settlement with the DOJ.

The APCW interview with Netellers VP seems to indicate that might not be so. It appears that DOJ really is going after bookies and casinos.

But at the time, this from Russ Fox:

http://www.taxabletalk.com/posts/1170966022.shtml

This from Ed Miller:

http://www.notedpokerauthority.com/n...olls-over.html

We know how people felt then - the IRS is at the door. Now I wonder how people feel now.

Maybe it is still too early.

mrick