Just another tax scared 2+2 member.....

[ongo30]

Well this was my first year with gambling winnings(online). I offset this with gambling losses in Vegas, and varies casino boats. I guess you would say I just about broke even.

I had to do a rough estimate when filing(wasn't sure of the exact numbers). It crossed my mind not to claim any of it, since it balanced out to nil anyway. After reading posts I figured I should report it.

My question is this, has anyone really been audited, or had dealings with the IRS for issues involving around 10k in gambling winnings, or is most of this just talks on legality, and doing the right thing? If anyone has really had an IRS scare please post in this forum.

Thanks

[TrainHardDieHard]

bump, i want to know more info. on this too..

[plasphemy]

I've read about a few strange cases but for the average 10k in winnings player, there is unlikely to be any problems especially if you have a normal job and file recreationally.

If the unlikely event of being audited does actually happen, they won't want to see "rough estimates." Make sure you build a log that looks legit that covers your casino visits with win/loss records.

[Emperor]

[ QUOTE ]
I've read about a few strange cases but for the average 10k in winnings player, there is unlikely to be any problems especially if you have a normal job and file recreationally.

If the unlikely event of being audited does actually happen, they won't want to see "rough estimates." Make sure you build a log that looks legit that covers your casino visits with win/loss records.

[/ QUOTE ]

Do I really give a rats ass what the IRS wants to see? Dont they have to make thier case, with thier own numbers that they acquire from wherever they acquire them from?

not flaming, just wondering how the process works? Surely it is not my job to provide the IRS with evidence of my wrongdoing. :P

[Rainbow Warrior]

[ QUOTE ]
Do I really give a rats ass what the IRS wants to see? Dont they have to make thier case, with thier own numbers that they acquire from wherever they acquire them from?
Surely it is not my job to provide the IRS with evidence of my wrongdoing.

[/ QUOTE ]

lolol
Good one!!!
Post of the year!!!!

[Billman]

[ QUOTE ]

Do I really give a rats ass what the IRS wants to see? Dont they have to make thier case, with thier own numbers that they acquire from wherever they acquire them from?

not flaming, just wondering how the process works? Surely it is not my job to provide the IRS with evidence of my wrongdoing. :P

[/ QUOTE ]

Dude, the whole innocent until proven guilty doesn't apply to the IRS. You are guilty until the IRS says otherwise. The IRS could simply think that your house is too nice for what you make and crawl up your butt with a microscope. They'll put the entire burden of proof on you to prove otherwise.

Oh, and if you get pissy with them, expect them to seize your bank accounts and garnish your wages so you have zero assets while the IRS has unlimited resources to fight you with.

Personally, I would rather be falsely accused of murder than for some IRS auditor to think that I was evading taxes. At least as a criminal suspect you have something resembling a fighting chance.

[Emperor]

[ QUOTE ]
[ QUOTE ]

Do I really give a rats ass what the IRS wants to see? Dont they have to make thier case, with thier own numbers that they acquire from wherever they acquire them from?

not flaming, just wondering how the process works? Surely it is not my job to provide the IRS with evidence of my wrongdoing. :P

[/ QUOTE ]

Dude, the whole innocent until proven guilty doesn't apply to the IRS. You are guilty until the IRS says otherwise. The IRS could simply think that your house is too nice for what you make and crawl up your butt with a microscope. They'll put the entire burden of proof on you to prove otherwise.

Oh, and if you get pissy with them, expect them to seize your bank accounts and garnish your wages so you have zero assets while the IRS has unlimited resources to fight you with.

Personally, I would rather be falsely accused of murder than for some IRS auditor to think that I was evading taxes. At least as a criminal suspect you have something resembling a fighting chance.

[/ QUOTE ]

Thanks I had no idea. Not like they teach this kind of thing in Public Schools.

One more reason to abolish the IRS and enact a federal sales tax.

[Better Than U]

[ QUOTE ]
[ QUOTE ]

Do I really give a rats ass what the IRS wants to see? Dont they have to make thier case, with thier own numbers that they acquire from wherever they acquire them from?

not flaming, just wondering how the process works? Surely it is not my job to provide the IRS with evidence of my wrongdoing. :P

[/ QUOTE ]

Dude, the whole innocent until proven guilty doesn't apply to the IRS. You are guilty until the IRS says otherwise. The IRS could simply think that your house is too nice for what you make and crawl up your butt with a microscope. They'll put the entire burden of proof on you to prove otherwise.

Oh, and if you get pissy with them, expect them to seize your bank accounts and garnish your wages so you have zero assets while the IRS has unlimited resources to fight you with.

Personally, I would rather be falsely accused of murder than for some IRS auditor to think that I was evading taxes. At least as a criminal suspect you have something resembling a fighting chance.

[/ QUOTE ]i think somebody just go PWNED!

nh emperor

[Skallagrim]

If the IRS accuses you of tax crime, they have the burden of proof and you are still innocent until proven guilty. Tax crime generally involves LYING about something.

HOWEVER, when/if the IRS audits you, it demands to see (have you produce) records of your claimed deductions. If you dont have these records (or dont have them in the form the IRS demands) the IRS will strike or lower the deductions thus increasing the amount of tax you must pay.

But it can only accuse you of a crime if it can prove you knowingly lied about those deductions. It is not a crime to keep bad records, but it costs you money if you are audited.

Skallagrim

[RoundGuy]

[ QUOTE ]
It is not a crime to keep bad records, but it costs you money if you are audited.

[/ QUOTE ]
Must you always be so reasonable, Skallagrim? It's far more enjoyable to tell these folks, "ZOMG!, you're going to pound-me-in-the-ass prison!" At least I find it so.