Re: Live in Seattle and play online poker?
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(3) The IRS has stated their belief in internal documents that a lot of people will use online gambling to evade taxes -- this is what is meant by tax evasion scheme (not necessarily that online poker was 'invented' for the purpose of evading taxes).
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Translation: SINCE there are no regulations that Online sites require / or are required to have customers file a 1099 on payouts over 600 dollars (as skill sites do) many will simply not report the income.
Thus it is a self fulfilling statement, the industry is branded a tax evasion scheme.
obg
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