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Old 11-27-2007, 07:59 PM
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Join Date: Feb 2005
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Default Re: One-Time Stakes and Taxes

Worst case scenario... let's say the forms are not filled out beforehand, a contract is not drafted, and the staker simply takes his gross cut and has no intentions of paying his tax obligation. Stakee is screwed for being stupid? I assume the burden of proof falls on the stakee to show that he did not receive all the winnings.
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