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  #1  
Old 10-31-2007, 09:38 PM
woodybluff woodybluff is offline
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Join Date: Apr 2007
Posts: 14
Default Am I gonna get audited

Hey I am new to this and was just wondering if I have a chance of being audited. I have won between 15 and 20 grand this year in online poker at Pokerstars. Now I have blown most of my money just on partying, car troubles, old debts with my parents, general living expenses, and legal problems-Partying costs more than you think. So right now I have about $6000 --$2000 in the bank and $2000 in cash left over + $2000 more on Pokerstars for my Bankroll. I have not made any purchases major purchases and have only had $1000 dollar checks sent to me each time-this because I read somewhere that an instituion that cashes a check over $1500 has to report it to the government. I have cashed most of my checks from pokerstars at Walmart and have not made a deposit to my bank for mor than $1000 dollars at a time. My bank account has never exceeded $3000. And one other thing. I also have a part time job somewhere else wher I have made about $13000 so far this year but that is all being taxed. Sorry for such a long question but anybody who has been in my position feel free to give some advice. Thanks in advance
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  #2  
Old 10-31-2007, 09:41 PM
sublime sublime is offline
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Join Date: Mar 2004
Location: our only chance!
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Default Re: Am I gonna get audited *DELETED*

Post deleted by Mike Haven
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  #3  
Old 10-31-2007, 09:42 PM
qdmcg qdmcg is offline
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Join Date: Oct 2006
Location: pittsburgh
Posts: 1,151
Default Re: Am I gonna get audited

[ ] life
[ ] death
[x] taxes
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  #4  
Old 10-31-2007, 10:06 PM
peatr999 peatr999 is offline
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Join Date: Jun 2006
Posts: 212
Default Re: Am I gonna get audited

you're probably gonna get audited, i would pay taxes on your winnings
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  #5  
Old 10-31-2007, 10:14 PM
KEW KEW is offline
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Join Date: Sep 2005
Posts: 1,883
Default Re: Am I gonna get audited

Cashing checks at WalMart=Audit Flag

Pay your taxes it is not worth the headaches worrying about it...

See the 1 billion thread on taxes in the Legislation forum
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  #6  
Old 10-31-2007, 10:23 PM
poorolrich poorolrich is offline
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Join Date: Jan 2006
Posts: 582
Default Re: Am I gonna get audited

He hasn't said a thing that would raise a red flag. But!!, if he does get audited he is in mucho trouble.
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  #7  
Old 10-31-2007, 10:32 PM
R*R R*R is offline
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Join Date: Mar 2007
Location: Higher Ground
Posts: 670
Default Re: Am I gonna get audited

With most businesses over-generous expense deductions etc... is not he end of the world but undeclared income is a bad one if your caught. Declare the income and make a payment arrangement if you can't pay it all at once. Don't get caught with that much undeclared income as the IRS ( assuming that your American) will make your life miserable now and possibly into the future. Don't forget to deduct whatever expenses you possibly can like your computer costs, gas to get to Walmart(why not) and other items a CPA might suggest.
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  #8  
Old 10-31-2007, 10:32 PM
kevin017 kevin017 is offline
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Join Date: Mar 2005
Posts: 624
Default Re: Am I gonna get audited

I withdrew like 2k the first year i played, and paid taxes on it. Then the gov't started banhammering and I didn't pay taxes on the ~10k i took out last year. its working out well for me so far.

I also worked only in amounts ~1k or less, but had no job and didn't file taxes at all.
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  #9  
Old 10-31-2007, 11:16 PM
BH2O BH2O is offline
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Join Date: Oct 2007
Posts: 53
Default Re: Am I gonna get audited

You might want to worry more about jail time instead of just and audit. Judging by your post it sounds like you intently are trying to evade taxes.
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  #10  
Old 11-01-2007, 12:47 AM
SuperUberBob SuperUberBob is offline
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Join Date: Feb 2006
Location: In a dirty apartment
Posts: 6,560
Default Re: Am I gonna get audited

Er, you probably shouldn't air this out publicly. Not smart.
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