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Old 10-16-2007, 02:16 PM
Clayton Clayton is offline
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Join Date: Oct 2004
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Posts: 14,710
Default Re: Tax Question with Staker in UK

whatever your share is should be wired into your american bank account, and whatever that amount is should be what you have to pay taxes on.

everything else goes to the UK guy, and he handles that with his own tax situation.

i had a 50% share of a 240k score, and I simply xferred the other 50% to my backer, then wired out my share of which I will pay taxes on next year.
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