1. 02-20-14 12:50 AM #1
    Timmay
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    I need help on poker laws

    My buddy won 10k online and now he's freaking out about the I.R.S.. I told him it's no problem if he files. He's afraid that playing poker on the internet is illegal. I said not paying taxes is, but playing isn't from what I know.


    Anyways... Anyone have any sources to get more info on this? My buddy is concerned and he'd prefer to let the books keep it. I mentioned why lose money on a site and then when you make money, you don't cash out and let the books keep it all.


    That must be one of the books favorite customers. One that doesn't pull out or even forgets they have cash on it.

    Already hard just to win. Thanks guys.
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  2. 02-20-14 12:58 AM #2
    hockey216
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    i do not give tax advice. consult a CPA or tax attorney.
    Last edited by hockey216; 02-20-14 at 02:39 AM.
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  3. 02-20-14 01:08 AM #3
    kevin101
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    It's a joke that you have to pay taxe on your winnings, FUK.

    What if he withdraws small amounts that is not worth being taxed? Over a period of time
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  4. 02-20-14 01:08 AM #4
    Jedi Mind Picks
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    There is an annual thread on 2+2, books (Tax help for gamblers ) and actual professional help.
    Thing is most regular tax attorney's don't do have a ton of experience in this part of the field but they certainly are able to find out what to do.
    I just know that regular Joe at HR block has no clue.
    I'm almost positive that no on has ever been arrested for just playing online poker in the US.
    Last edited by Jedi Mind Picks; 02-20-14 at 01:14 AM.
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  5. 02-20-14 01:12 AM #5
    hockey216
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    good luck
    Last edited by hockey216; 02-20-14 at 02:39 AM.
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  6. 02-20-14 09:01 AM #6
    Auto Donk
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    just have him tell the site to send the check to:

    Auto Donk
    P.O. Box 6969
    Houston, Texas 77002

    I'll take care of it from there.
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  7. 02-20-14 10:29 PM #7
    eidolon
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    just take out 1000 a month
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  8. 02-23-14 04:06 PM #8
    Timmay
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    Quote Originally Posted by kevin101 View Post
    It's a joke that you have to pay taxe on your winnings, FUK.

    What if he withdraws small amounts that is not worth being taxed? Over a period of time
    Isn't any small amount of money taxed?
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  9. 02-23-14 04:07 PM #9
    Timmay
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    Quote Originally Posted by Jedi Mind Picks View Post
    There is an annual thread on 2+2, books (Tax help for gamblers ) and actual professional help.
    Thing is most regular tax attorney's don't do have a ton of experience in this part of the field but they certainly are able to find out what to do.
    I just know that regular Joe at HR block has no clue.
    I'm almost positive that no on has ever been arrested for just playing online poker in the US.

    Cool thanks, I'll check out 2+2.
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  10. 02-23-14 04:08 PM #10
    Timmay
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    Quote Originally Posted by Auto Donk View Post
    just have him tell the site to send the check to:

    Auto Donk
    P.O. Box 6969
    Houston, Texas 77002



    I'll take care of it from there.
    LOL. You're address?
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  11. 02-23-14 04:09 PM #11
    Timmay
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    Quote Originally Posted by eidolon View Post
    just take out 1000 a month
    Thanks for your input. I'm gonna check 2+2.
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  12. 02-24-14 12:50 PM #12
    Auto Donk
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    another thing you can easily do is google it.... im sure some tax dickweed degenerate who plays poker has written a knowledgable article on it......
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