Re: Upcoming financial law bad beat
[ QUOTE ]
Meh...I dont particularly like it..but worse things could happen.
I to report all my income....the shitstorm that happens after and audit if you arent honest just isnt worth the tax savings Id get.
[/ QUOTE ]
FYI, audits happen to people who are honest, too. In fact, sometimes large wire transfers trigger audits regardless of whether the income's been reported correctly or not.
Taxes are sort of a nightmare for anyone who plays poker for part of their income. However, it's less of a threat if you report everything: They might take more money and cause hassle with an audit, but you don't get thrown in prison.
|