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Old 02-26-2007, 12:03 AM
sports_quant99 sports_quant99 is offline
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Join Date: Jun 2006
Posts: 77
Default Re: Scared of the IRS

[ QUOTE ]
.... I will pay taxes on as close to the net winnings as I can attain, less the amount frozen indefinitely (I will wait till the last minute to see if I ever get them).

[/ QUOTE ]

Assuming your frozen Neteller funds are from 2006 winnings, those are taxable on your 2006 return, regardless of if/when you ever collect them from Neteller (see my thread from last week on this).

You also want to look at the threads about Form TDF 90-22.1 (that's a whole other can of worms)
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