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

[ongo30]

Thanks for some of the replies. I'm not worried about going to prison, I'm just wondering say that I didn't declare anything would they even care. I hear these horror stories about what could happen, but I'm yet to hear of anyone actually getting audited. I don't think there are any small stakes players winning 10k and under who have much to worry about.

My only concern would be Neteller turning over their records, and the IRS just hitting everybody on the list with a letter saying you owe money.

By the way Skull you do have the best responses!!

[Poker CPA]

If neteller turns over the records, the IRS will not send a letter demanding back taxes. They will send a letter asking to review your tax return, as filed, and give you a chance to make any necessary changes based on the knowledge that they have Neteller information. They will give you a free pass to "come clean" via an amended return. This will be the procedure for the 10K to 100K taxpayers.

For the 100K (or more) taxpayers, Heaven Help them.