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Old 10-15-2006, 11:34 AM
MrBrightside MrBrightside is offline
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Join Date: May 2005
Posts: 916
Default Re: Poll: Do you claim taxes on your winnings?

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I have. If its small $ like <15K you won't be in real deep [censored] if they catch u. They wil just make u pay what u owe and a few bucks in interest. You'll not likely get audited anyway. What I was doing was very obvious and involved mucho $ that's why I got looked up.

Indy

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Right. No one is suggesting you're going to go to jail for a few thousand dollars of unclaimed income. However, I had a friend who was audited for an approx. $1000 error from two years previously. He was blatantly in the wrong, got a judgement against him after stupidly fighting it for a year. So the IRS were pricks, frankly, because he'd been pricks to them. The fines and interested amounted to about $1500 on top of the $1000, so I wouldn't call this "a few dollars" of fines. However, I think if he would have cooperated, the fines would have been less, not to mention the interest.
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