Poker Earrning and TAX

Topic: Poker Earrning and TAX

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Posted at April 14, 2006, 3:12 pm:

dear i knwo this is not the right forum to discusss about this topic
however , i felt alot bonus whores must have the same question as i do
do u guys actaully reprot your online poker earrning ???
or if not ..is it save to say that its better to use neteller as the primary depsoit/withdraw method since it doesnt connect to your bank accout directly ? or we shouldnt even be worrying about tax issue at all ...please submit what you think and what do u do

Original of the message was taken from http://www.bonuswhores.com/phpBB2/

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I keep records to the cent.

Neteller has specifically said they would submit to any IRS subpoena f...

If you made under $1200 for the year, you might be safe.

no taxes here.

how about for people in canada? do we have to report it?

Tax-free or not, I'd still keep records.

there are people in canada?"how do you play that crap?" &q...

Rule #1 of adulthood: Don't fuck with the IRS.

That's a lot of work.

The reason why I keep such good records is this.

Now that just hurts.

The reason why I keep such good records is this.

well I do keep records but, when it comes to tax time I'm not sure if ...

Couldnt you technically say that unless you earn more than $600 at a s...

These kind of threads always devolve to a certain extent into "ri...

I'm sure your advice is sound.

Since as a group we are net losers, can those of us showing a loss for...

Wait, wait, this one I know! Stop losing!"how do you play th...

Heh, not a chance.

Interesting topic.

<< You can never claim a gambling loss against your normal incom...

Ok.

DOJ can claim all they want - the few court cases seem to point to the...

TurboTax should ask you about gambling winnings at some point in the i...

For those in the UK there are two simple points as regarding poker win...

<< Not getting into a long discussion on that, of course, but th...

Thanks alpha.

For what it's worth, living in the USA, it's pretty simple for me.

As I mentioned earlier, the Inland Revenue strongly advised me to keep...

I'm just wondering, how much DID you end up paying? I've noticed that...

I'm just wondering, how much DID you end up paying? I've noticed that...

Egads, that's a huge topic in itself.

Hm.

My sentiments exactly and as my friend used to say, "It is easier...

Never mind - Alpha beat me to it.

I generally make a deposit for a bonus, play the bonus, and then withd...

Hm.

And that was really my point way back in this thread.

A lot of the bullshit in our tax code is caused by the war on drugs.

Why does everyone think that taxing poker winnings is bullshit? It's ...

Why does everyone think that taxing poker winnings is bullshit? It's ...

That is brutal.

You can deduct losses, you just have to do it on your itemized deducti...

Please go pay a real tax accountant and get the right advice.

You're probably right on this one.

For the whore making $1,000 plus per month, a $100 fee to an accountan...

Actually most CPAs wont have a correct answer for this question as the...

Our whole tax code is just fucked up.

Topic: Poker Earrning and TAX

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