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Old 09-05-2007, 07:58 AM
Henry17 Henry17 is offline
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Join Date: Aug 2007
Posts: 1,285
Default Re: Online poker tax adviser recs?

In Canada we don't pay taxes on gambling income unless it is engaged in as a business venture. The onus is on the government to prove that which rarely happens.

The IRS is probably more vigilant then RevCan but I can honestly say I have a "friend" who drives a Porsche, pays $2700 / month in rent (and claims the rental credit on his taxes), has a condo in the Mediterranean while always reporting an income of less then $500 a year. But like I said Canada does not consider gambling as income under normal circumstances.
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