Am I gonna get audited
 

Hey I am new to this and was just wondering if I have a chance of being audited. I have won between 15 and 20 grand this year in online poker at Pokerstars. Now I have blown most of my money just on partying, car troubles, old debts with my parents, general living expenses, and legal problems-Partying costs more than you think. So right now I have about $6000 --$2000 in the bank and $2000 in cash left over + $2000 more on Pokerstars for my Bankroll. I have not made any purchases major purchases and have only had $1000 dollar checks sent to me each time-this because I read somewhere that an instituion that cashes a check over $1500 has to report it to the government. I have cashed most of my checks from pokerstars at Walmart and have not made a deposit to my bank for mor than $1000 dollars at a time. My bank account has never exceeded $3000. And one other thing. I also have a part time job somewhere else wher I have made about $13000 so far this year but that is all being taxed. Sorry for such a long question but anybody who has been in my position feel free to give some advice. Thanks in advance

Re: Am I gonna get audited *DELETED*
 

Post deleted by Mike Haven

Re: Am I gonna get audited
 

[ ] life
[ ] death
[x] taxes

Re: Am I gonna get audited
 

you're probably gonna get audited, i would pay taxes on your winnings

Re: Am I gonna get audited
 

Cashing checks at WalMart=Audit Flag

Pay your taxes it is not worth the headaches worrying about it...

See the 1 billion thread on taxes in the Legislation forum

Re: Am I gonna get audited
 

He hasn't said a thing that would raise a red flag. But!!, if he does get audited he is in mucho trouble.

Re: Am I gonna get audited
 

With most businesses over-generous expense deductions etc... is not he end of the world but undeclared income is a bad one if your caught. Declare the income and make a payment arrangement if you can't pay it all at once. Don't get caught with that much undeclared income as the IRS ( assuming that your American) will make your life miserable now and possibly into the future. Don't forget to deduct whatever expenses you possibly can like your computer costs, gas to get to Walmart(why not) and other items a CPA might suggest.

Re: Am I gonna get audited
 

I withdrew like 2k the first year i played, and paid taxes on it. Then the gov't started banhammering and I didn't pay taxes on the ~10k i took out last year. its working out well for me so far.

I also worked only in amounts ~1k or less, but had no job and didn't file taxes at all.

Re: Am I gonna get audited
 

You might want to worry more about jail time instead of just and audit. Judging by your post it sounds like you intently are trying to evade taxes.

Re: Am I gonna get audited
 

Er, you probably shouldn't air this out publicly. Not smart.

Re: Am I gonna get audited
 

watch Zeitgeist - http://www.youtube.com/watch?v=_dmPchuXIXQ

Re: Am I gonna get audited
 

I'm gonna go against the flow of this thread and say, OP, you're fine and will slip under the IRS's radar. Hell, i never pay taxes.

Re: Am I gonna get audited
 

If you do get audited you are gonna realize fast that the few G's you saved by not reporting were definitely not worth the headache that you will find yourself in.

Re: Am I gonna get audited
 

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If you do get audited you are gonna realize fast that the few G's you saved by not reporting were definitely not worth the headache that you will find yourself in.

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QFT

Re: Am I gonna get audited
 

[ QUOTE ]
You might want to worry more about jail time instead of just and audit. Judging by your post it sounds like you intently are trying to evade taxes.

[/ QUOTE ]

Get a clue.. he made 15k, the standard deductions and exemptions are what.. 11-12k? at most he'd owe a few hundred plus penalties, depending on how much taxes were paid at the part time job.

Re: Am I gonna get audited
 

just throwing this one out there...income taxes are unconstitutional...

Re: Am I gonna get audited
 

Read the constitution. Ammendment 16 specifically allows for income tax because previous supreme court decisions had ruled income tax an unconstitutional direct tax.

Re: Am I gonna get audited
 

[ QUOTE ]
Read the constitution. Ammendment 16 specifically allows for income tax because previous supreme court decisions had ruled income tax an unconstitutional direct tax.

[/ QUOTE ]wrongggggggg

Re: Am I gonna get audited
 

Walmart cashes 1k checks?

Re: Am I gonna get audited
 

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just throwing this one out there...income taxes are unconstitutional...

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http://en.wikipedia.org/wiki/Sixteen...s_Constitution

Re: Am I gonna get audited
 

no

Re: Am I gonna get audited
 

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Walmart cashes 1k checks?

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LOL, I find this hard to believe also. Although I've never tried it so I could be sticking my foot in my mouth.

Re: Am I gonna get audited
 

walmart will cash up to $1500 checks for a flat charge of $3. They are only supposed to cash payroll or government checks so sometimes if you get a nosy service rep you want be able to cash a cashiers check like the ones you get from pokerstars. However if they do ask just tell them you work for the bank that issued the cashiers check. It always clears there computer system even though the sugn clearly says payroll and government checks only.

Re: Am I gonna get audited
 

SO what happens if I do get audited. Will I really go to jail.

Re: Am I gonna get audited
 

Couldn't I just say that I lost it all gambling somewhere else since I dont really have anything to show for my winnings

Re: Am I gonna get audited
 

[ QUOTE ]
[ QUOTE ]
You might want to worry more about jail time instead of just and audit. Judging by your post it sounds like you intently are trying to evade taxes.

[/ QUOTE ]

Get a clue.. he made 15k, the standard deductions and exemptions are what.. 11-12k? at most he'd owe a few hundred plus penalties, depending on how much taxes were paid at the part time job.

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This is false..OP is INTENTIONALLY not reporting taxable income which is FRAUD...Fraud is a completely different ball game the making a mistake in reporting or "unintentionally" under reporting income...Fraud can land you in jail...Jail is highly unlikely based on the small dollars involved..But the IRS agent will use the treat of jail time against you...

As is pointed out OP has paid some taxes from a PT job and will be able to take deductions..So why risk it..It's not worth it no matter how low the chance of an audit is..

Re: Am I gonna get audited
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
You might want to worry more about jail time instead of just and audit. Judging by your post it sounds like you intently are trying to evade taxes.

[/ QUOTE ]

Get a clue.. he made 15k, the standard deductions and exemptions are what.. 11-12k? at most he'd owe a few hundred plus penalties, depending on how much taxes were paid at the part time job.

[/ QUOTE ]

This is false..OP is INTENTIONALLY not reporting taxable income which is FRAUD...Fraud is a completely different ball game the making a mistake in reporting or "unintentionally" under reporting income...Fraud can land you in jail...Jail is highly unlikely based on the small dollars involved..But the IRS agent will use the treat of jail time against you...

As is pointed out OP has paid some taxes from a PT job and will be able to take deductions..So why risk it..It's not worth it no matter how low the chance of an audit is..

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Your honor, may I present to you, the defendant's 2p2 posts. Clearly, as you can see here, he is INTENTIONALLY avoiding paying his income tax.

Re: Am I gonna get audited
 

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Couldn't I just say that I lost it all gambling somewhere else since I dont really have anything to show for my winnings

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You could also like rape your sister you know.

Re: Am I gonna get audited
 

[ QUOTE ]
[ QUOTE ]
Walmart cashes 1k checks?

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LOL, I find this hard to believe also. Although I've never tried it so I could be sticking my foot in my mouth.

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its true, i have a buddy who doesn't have a bank account(wtf) and cashes all his payroll checks at walmart, i witnessed him cash an $1800 check 3 weeks ago.

Re: Am I gonna get audited
 

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Er, you probably shouldn't air this out publicly. Not smart.

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Right you DEFINITELY have to pay taxes now. No choice about it. The penalties for WILFUL (knowing) evasion are MUCH worse than inadvertent error.

Re: Am I gonna get audited
 

So how much do I report. Like I said I dont know exactly but it is probably in between 15 and 20. And for your information I was not intentionally asking for $1000 checks to avoid paying taxes. I read somewhere that you are reported to the government when you cash a check for more than $1500 and I dont want to be on the governments watch dog list for any reason. Plus Walmart will not cash checks for over $1500 and since I didnt have a bank account until last week they were the cheapest way I could cash them. I had planned on paying taxes by the end of the year but was not expecting to win so much. And now that I only have about $4000 left I figure I would have to give all of it to the government. So I just wanted to see what some of you guys thought about my situation before I decide what I am going to do

Re: Am I gonna get audited
 

Paying taxes is for losers. Your not a loser are are you?

Re: Am I gonna get audited
 

So tell me aggain how this is aired in the public. Being that I used an email address that has no link to me personally to register with this website how would the government if they chose to do an investigation link this post to me personally. I am not being a smart ass I just dont know to much about computers or internet laws and would really like to know how easy it would be for a member of the IRS to link this post to me personally and whether or not this would hold in court.

Re: Am I gonna get audited
 

The situation with paying gambling taxes is like this. You have to add up all your winnings for the year on a session by session basis and include that ALL in your INCOME. Do the same with your losses and claim that as a deduction (but only up to the amount of your winnings for the year). What constitutes a poker session is not well defined.

Re: Am I gonna get audited
 

Never mind about audited,
http://i75.photobucket.com/albums/i3...GetRaped86.jpg

Re: Am I gonna get audited
 

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Plus Walmart will not cash checks for over $1500 and since I didnt have a bank account...

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Dammit! This cracks me up so [censored] hard! I can't believe you were structuring your withdrawl amounts so you could cash your checks at Walmart!

I am not a stuck-up or rich person, but this may be the trashiest sounding thing I have ever heard. Thank you soooo much OP.

PS - I may get a check next instead of a wire just to check out this Walmart check-cashing thing.

Re: Am I gonna get audited
 

[ QUOTE ]
Hey I am new to this and was just wondering if I have a chance of being audited. I have won between 15 and 20 grand this year in online poker at Pokerstars. Now I have blown most of my money just on partying, car troubles, old debts with my parents, general living expenses, and legal problems-Partying costs more than you think. So right now I have about $6000 --$2000 in the bank and $2000 in cash left over + $2000 more on Pokerstars for my Bankroll. I have not made any purchases major purchases and have only had $1000 dollar checks sent to me each time-this because I read somewhere that an instituion that cashes a check over $1500 has to report it to the government. I have cashed most of my checks from pokerstars at Walmart and have not made a deposit to my bank for mor than $1000 dollars at a time. My bank account has never exceeded $3000. And one other thing. I also have a part time job somewhere else wher I have made about $13000 so far this year but that is all being taxed. Sorry for such a long question but anybody who has been in my position feel free to give some advice. Thanks in advance

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you actually won zero. don't you remember losing 15 to 20 grand at a casino playing blackjack, poker, roulette?

the online winnings are washed out by the live losing.

it should be in your little black book that details your winnings and losings.

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Couldn't I just say that I lost it all gambling somewhere else since I dont really have anything to show for my winnings

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yes, but like i said above you need a little book that you need to jot it down in.

line 1. july 6th 2007 --- lost $4,572.00 at Seneca Casino to various poker players (damn i'm pissed at myself, wish i could play live like i play online, oh well...)

Re: Am I gonna get audited
 

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SO what happens if I do get audited. Will I really go to jail.

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offense level 10 for you, but don't forget about your live losses. you get a couple points chopped off if you been good in the past.

therefore your looking at 0 to 6 months. which means you are almost 100% getting zero unless you call the judge an [censored] or something like that.

hell, 3 months in federal minimum (AKA, a camp) sounds like it could be fun. you get to hang out with a bunch of interesting and smart executives who have been up to no good.


http://www.ussc.gov/2006guid/5a.html

http://www.ussc.gov/2003guid/2t4_1.htm

Re: Am I gonna get audited
 

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Don't forget to deduct whatever expenses you possibly can like your computer costs, gas to get to Walmart(why not) and other items a CPA might suggest.

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This is really really bad advice, and clearly not applicable to the OP.

Re: Am I gonna get audited
 

ur not going to jail for this.

Even if u get audited, they'll dock u your taxes owed + a penalty (maybe 20% of the amount owed) + interest.

I didn't read this thread so someone prob already gave that answer herein b/c it's common knowledge. Pay your taxes.