The TalkingPoker.com Forum  

Go Back   The TalkingPoker.com Forum > All Things Poker > General Poker Discussion
Register Blogs Arcade HH Converter Calendar Mark Forums Read

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #4  
Old 11-07-04, 09:50 AM
Penguinfan's Avatar
Penguinfan Penguinfan is offline
<<<<<
 

Join Date: Oct 2004
Posts: 2,432
Penguinfan has between 500 and 749 Rep PointsPenguinfan has between 500 and 749 Rep PointsPenguinfan has between 500 and 749 Rep PointsPenguinfan has between 500 and 749 Rep PointsPenguinfan has between 500 and 749 Rep PointsPenguinfan has between 500 and 749 Rep Points
Default

I have said this at numerous other forums, and may have put it in a thread here as well, but all I would say is pay the taxes on your winnings and don't worry about the rest. I have been called very colorful names for this advice, but in the doubtful event you do get prosecuted for off shore gambling (in my case the winnings are from sportsbooks and horses) they will look into your financial dealings and if you can't prove you lost money then the IRS will get involved in a hurry. My favorite example of this is Pete Rose, he didn't violate some grey area of the law, he flat out broke federal statutes, and quite a few of them, but what did he serve time for? TAX EVASION and nothing else. If you think sticking your local bookie will get you in trouble, brother you haven't seen anything yet.
I can argue that this is a good idea simply because if you ever get a pyout via check from an offshore outfit the majority of them do have accounts in the US and the check you get wil from a US bank, I have got several and know this is the case, there is a paper trail. Pay the taxes on any winning you would normally claim and don't even think about the rest.
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 12:00 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
©2004-2008 TalkingPoker.com