full tilt poker + the IRS = Ohhhhh snap

[ScareCrowAKA]

the taxes will go on how much u were up or down for the yr... I dont know if they would take out the standard % of taxes for gambling winnings, then leave it up to you to fille corrections on your return (for Actual tax bracket and offsetting losses)... or refund u the whole 129$ and leave it to u to claim it

my guess is they will hold it out of the refund, since that way some people wont file the corrections and even if u do file the correction, the gov't gets a few months of interest free loan on your $

... since they are broke

[eejit101]

I have no idea how this all happened.

I blame ESPN

[ScareCrowAKA]

its the administration... they pretty much own the banking system now, so they can keep track of everyones money...

couple that w now having fulltilts transaction history... Im sure every one who made a few regular deposits and withdrawls are gonna get looked into

so even if u lost money on fulltilt, but say made money at casinos or sports betting... whos knows whats gonna happen

[NDN]

I really don't think they're interested in going after players for what was done in the past.

They are moving towards regulation, so they can monetize it on their end, and I think it only hurts them to try to govern the past. It would scare off too many people from helping them profit in the future.

Did I miss something that said they were looking to recover funds or investigate individual players?

[ScareCrowAKA]

ya u prob dont have tp worry, unless for the past few yrs or so u were in the 15% tax bracket and come to find out u got like 25k on fulltilt, lol ... thats prob the only thing they would spot

u know they gonna be looking though, or they wouldnt be interested in doing the refunds for american players themselves