IRS Audit

[Taylor Caby]

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".