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The Chip Board Archive 10

A PAUSE FOR CONCERN
In Response To: Re: Chips and the Hobby ()

Calvin said in part: "AND NOBODY GIVES A *(**(...i WIN $1000 ON 3 DIFFERENT RACING TICKETS AND NO TAXES"

That, of course, is true only if you don't report the wins. There have been severeal big winners who after the reported gain have tried to claim losses but who had not previously reported gambling income. Neither the IRS nor the courts believed them.

If you don't delcare your winnings you do so at your peril.

Messages In This Thread

Chips and the Hobby
Re: Chips and the Hobby
Re: Chips and the Hobby
Re: Chips and the Hobby
Profit? Somebody is making a profit??
I guess that makes the convention tax deductable!
Excellent!!
Re: Chips and the Hobby
Re: Chips and the Hobby
A PAUSE FOR CONCERN
Re: A PAUSE FOR CONCERN
Re: A PAUSE FOR CONCERN
Re: A PAUSE FOR CONCERN

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