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#31
02-01-2007, 05:42 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
Aren't most people who do any gambling violating the law when they prepare their taxes? [/ QUOTE ] I think most people prepare their taxes correctly. 
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#32
02-01-2007, 05:43 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
[ QUOTE ] P.S. Stop throwing around prison. No one goes to prison for reporting their income incorrectly. Truthfully, few go to prison even in blatant cases of fraud. The IRS just wants, and tends to get, its money. Contact a tax professional. They live in the real world. [/ QUOTE ] That defense didn't work so well for Al Capone. [/ QUOTE ] Wow, had to pull out Capone. I did say very few go to prison for blatant fraud. Perhaps i should have said one? Live in the real world. Interest, penalties possible for incorrect reporting. Absolutely possible. Prison isn't, so stop lying.
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#33
02-01-2007, 05:43 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
Note that the law technically requires a losing player (who may never have even cashed out) to declare winnings. Do you think 1 in 500 do so? [/ QUOTE ] If you never cash out why would you declare anything. The IRS will only care if money is coming into your bank account and not being accounted for. The IRS cares about W2G income and unaccounted for deposits to your account. Same as in a B&M.
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#34
02-01-2007, 05:45 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
If you never cash out why would you declare anything. The IRS will only care if money is coming into your bank account and not being accounted for. The IRS cares about W2G income and unaccounted for deposits to your account. Same as in a B&M. [/ QUOTE ] Simply horrid information!!!!!
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#35
02-01-2007, 05:50 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
If you never cash out why would you declare anything. The IRS will only care if money is coming into your bank account and not being accounted for. The IRS cares about W2G income and unaccounted for deposits to your account. Same as in a B&M. [/ QUOTE ] Please explain why you would post such crap? If you are completely ignorant of a given topic (which is obvious in this case), please shut up, read, and learn.
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#36
02-01-2007, 05:50 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
[ QUOTE ] Aren't most people who do any gambling violating the law when they prepare their taxes? [/ QUOTE ] I think most people prepare their taxes correctly. [/ QUOTE ] OK. Almost no one declares cash wins in casinos or even keeps track or wins or losses. If they win a slot jackpot or something they pay tax on that. I am not talking about people who gamble everyday or derive income from gambling but recreational gamblers.
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#38
02-01-2007, 05:53 PM
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Re: This should end all of the false claims about paying US taxes on p
you are the ignorant one. go to vegas or AC and ask random people if they keep track of wins and losses and report them. You will be lucky if you find 1 in 100 who do. We are talking about the real world not your fantasy land.
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#39
02-01-2007, 05:56 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
[ QUOTE ] P.S. Stop throwing around prison. No one goes to prison for reporting their income incorrectly. They live in the real world. [/ QUOTE ] I'll visit your world sometime and find out why you claim things you obviously know nothing about. BTW, Ed Miller's betting against your claim, as is the author of the article in my original post. And Al Capone's ghost would like to talk to you. [/ QUOTE ] You guys are so paranoid. Al Capone intentionally didn't report his income. That is tax evasion and is the only way you end up in jail. If you make a good faith effort to pay your taxes properly, YOU WILL NOT GO TO JAIL. The worst thing that will happen is that you will owe interest and possibly penalties on any amount not paid.
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#40
02-01-2007, 06:01 PM
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Re: This should end all of the false claims about paying US taxes on p
[ QUOTE ]
you are the ignorant one. go to vegas or AC and ask random people if they keep track of wins and losses and report them. You will be lucky if you find 1 in 100 who do. We are talking about the real world not your fantasy land. [/ QUOTE ] Dude, you're an idiot. We are in a poker forum, dedicated to regular, consistant poker players. Many of us win. Most of us are not stupid. You are stupid. And if you continue to post your stupid "advice" you will continue to be called out. Please google: "constructive receipt" and come back with your [censored] advice about what the IRS cares about.
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