IRS Audit

Taylor Caby · #1 11-28-2006, 01:32 PM

I saw this at p5's, but i figured a lot of you might want to see it. scary that someone who seemingly isn't making a lot of money from poker can be audited, and that they are requesting his neteller records etc.
This would be the ultimate beat for you guys that aren't reporting, thoughts?

tc

I've been making my quarterly depsoits for over 3 years on my poker winnings and have been able to deduct enough to have the taxes be minimal.

So I get a letter in the mail from the IRS saying I am to be prepared for an audit on December 12 in Boston. How they got my address in Central MA is beyond me since I have not been winning and made no deposits since purchasing my home.

They explicitly said they want to review all online transactions with THIRD PARTY PROCESSORS and said they have reviewed my bank accounts and I need to detail all Neteller transactions. Since I have reportable winnings at Foxwoods and Caesars I feel I am going to get shafted somehow.

All I do is pay and pay, and now I can't sleep.

Keep detailed records kids, the IRS is not friendly, we need to pay for the mutilated troops coming home from the "war".

Triumph36 · #2 11-28-2006, 01:34 PM

I'm very worried about this as well.

#3 11-28-2006, 01:36 PM

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I'm very worried about this as well.

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jaustin · #4 11-28-2006, 01:37 PM

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I'm very worried about this as well.

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DING-DONG YO · #5 11-28-2006, 09:45 PM

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I'm not worried about this at all.

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fnord_too · #6 11-28-2006, 01:42 PM

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I'm not at all about this as I pay my taxes and keep good records.

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danzasmack · #7 11-28-2006, 01:47 PM

Yeah it's messed up too because if you don't pay for 2006, it's not like once 2007 is over you're in the clear.

headturner1 · #8 11-28-2006, 01:48 PM

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Yeah it's messed up too because if you don't pay for 2006, it's not like once 2007 is over you're in the clear.

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really?

danzasmack · #9 11-28-2006, 01:59 PM

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Yeah it's messed up too because if you don't pay for 2006, it's not like once 2007 is over you're in the clear.

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really?

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well I work with tax data. I just got the 2004 income tax file a few months back. I'm REALLY not sure about personal income tax as I don't do auditing stuff, but I do know that corporations would be on like a 2-3 year delay.

keikiwai · #10 11-28-2006, 01:50 PM

why would you not pay your taxes?

if you don't, why would you be surprised to get audited?