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Old 08-02-2007, 07:05 AM
Poker CPA Poker CPA is offline
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Join Date: Apr 2006
Posts: 813
Default Re: Australian Taxes?

Josem

Activities are on thing, but systems are impossible to detect (or prove).

If audited buy a new computer.

The number of gambling specialists at the ATO? ZERO
The number of agents assigned to the Crown. ZERO

While the IRS office in Vegas is the largest office, by far, in the US.

To write regulations for poker playing would be simple, yet they have have not done so. There are good reasons for this, because of the related loss factors. A real "can of worms". So for the OP, Are losses possible in future years?
Most gamblers lose money, and thats why the ATO doesn't address this situation.

In addition, EVERY losing gambler has a "sure fire" system.
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