IRS Neteller Audits

[mrick]

At one time everyone was worried about the audits. It was (so it was said) a sure fire cinch that Neteller player records were being carefully catalogued and IRS computers would be smoking from all the matching.

Some noted that it would be mostly letter audits. But lots of them.

Then there was Executive VP of Marketing and Sales, Dan Star telling the APCW that the DOJ wasn't very interested in individuals. In truth, it does look like DOJ is interested in getting money back from the likes of 888 and Party Gaming. The disgorgement of profits from just these two could be better than $1 Billion.

And the other side of those company profits is gambler losses. Most of us lose. So that's another reason for the DOJ to look at Bookmakers and Casinos rather than players.

So...

By now those audit letters should have been arriving if matching against 2006? It's been 6 months since April 15th. How about 2005? Or do we only think it is the most recent payout that draws attention? Anyone hear anything?

I only got a few bucks in 2006 but stuck my entire Neteller deposits on line 21 anyway. Anybody else paranoid as me?

mrick