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Old 04-14-2007, 12:01 PM
BillieJoe65 BillieJoe65 is offline
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Join Date: Apr 2007
Location: Oklahoma
Posts: 1
Default 06 Tax Situation

For '06 if I only reported my cashouts on my annual returns, am I putting myself at a big risk. For example if 2006 online poker winnings totaled around $30,000 but I reported $20,000 and left the other $10K on Absolute as my working bankroll, would I be at serious risk of an audit?

I don't have records of win/loss sessions for the year unfortunately. Also, none of my transactions were through Neteller if that matters. Even if I did get audited, would could the IRS do? Ask for all of my records from Absolute poker? Would that ever happen?
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