View Single Post
  #29  
Old 06-25-2007, 07:08 PM
thing85 thing85 is offline
Senior Member
 
Join Date: Aug 2005
Location: 100NL but I like uNL too much to leave
Posts: 3,672
Default Re: SO WHEN CAN WE REQUEST OUR MONEY?

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I have a high level of trust because they are fomulating a plan with the U.S. Attorney's office to return money to US players. Federal prosecutors aren't going to be party to some big scam. Now if one hadn't payed taxes on a considerable sum they are to be receiving, then one should be worried.

[/ QUOTE ]

Why would you pay tax on money you've never received?

[/ QUOTE ]

Because in the eyes of the IRS, you did receive it. It was in your Neteller account.

[/ QUOTE ]

FWIW, even before it was ever in NETeller (i.e. when you earned it on Poker Stars or wherever), it was taxable income.
Reply With Quote