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IRS Audit - Here come the Feds

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  1. -E2- -E2- is offline

    Millbury, MA
    United States

    Posts: 139
    Joined: Nov 06

    Nov 28th, 2006 (11/28/2006 4:21am)

    I've been making my quarterly depsoits for over 3 years on my poker winnings and have been able to deduct enough to have the taxes be minimal.

    So I get a letter in the mail from the IRS saying I am to be prepared for an audit on December 12 in Boston. How they got my address in Central MA is beyond me since I have not been winning and made no deposits since purchasing my home.

    They explicitly said they want to review all online transactions with THIRD party PROCESSORS and said they have reviewed my bank accounts and I need to detail all Neteller transactions. Since I have reportable winnings at Foxwoods and Caesars I feel I am going to get shafted somehow.

    All I do is pay and pay, and now I can't sleep.

    Keep detailed records kids, the IRS is not friendly, we need to pay for the mutilated troops coming home from the "war".
  2. ForsakenAces ForsakenAces is offline

    South Lake Tahoe, CA
    United States

    Posts: 20
    Joined: Nov 06

    Nov 28th, 2006 (11/28/2006 4:31am) in reply to -E2-

    Good luck to you sir. Keep us all informed as to how it turns out please. I'm sure a reality check for us all is in order here.
  3. -E2- -E2- is offline

    Millbury, MA
    United States

    Posts: 139
    Joined: Nov 06

    Nov 28th, 2006 (11/28/2006 4:33am) in reply to ForsakenAces

    DO NOT PAY YOUR TAXES ELECTRONICALLY through the FEDS system. Send a check from an account that has zero poker related transactions.
    Thread Starter
  4. JCasper JCasper is offline

    Joshua, TX
    United States

    Posts: 185
    Joined: Jun 06

    Nov 28th, 2006 (11/28/2006 4:37am) in reply to -E2-

    Jesus, that is scary man. I hope it all works out ok for you....(Hoping I do not get a letter in the mail)
  5. SJCX SJCX is offline

    Sherman, TX
    United States

    Posts: 714
    Joined: Jan 06

    Nov 28th, 2006 (11/28/2006 4:48am) in reply to -E2-

    Whats the biggest online transactions you made into your account from an online account?
     
  6. JCasper JCasper is offline

    Joshua, TX
    United States

    Posts: 185
    Joined: Jun 06

    Nov 28th, 2006 (11/28/2006 4:52am) in reply to JCasper

    From what I hear that does not matter much, but I dont know....Most I ever withdrawal is 800 at a time or so.
  7. lwrunner103 lwrunner103 is offline

    Lake Worth, FL
    United States

    Posts: 121
    Joined: Jun 06

    Nov 28th, 2006 (11/28/2006 5:40am) in reply to -E2-

    ............OOO SHIT!
  8. NI_HAN_NI_HAN NI_HAN_NI_HAN is offline

    Posts: 445
    Joined: Jun 06

    Nov 28th, 2006 (11/28/2006 5:46am) in reply to -E2-

    http://www.nontaxpayer.org/
  9. NI_HAN_NI_HAN NI_HAN_NI_HAN is offline

    Posts: 445
    Joined: Jun 06

    Nov 28th, 2006 (11/28/2006 5:52am) in reply to -E2-

    THere is NO law saying you have to pay federal income taxes!!!!!!!!!!!!!!!!!!!!!!! None zip zero!!!!!!!!

    very interesting documentery from Arron Russo American Freedom to Fascism..A little long

    http://video.google.com/videoplay?do...%27s&hl=en
  10. ucantbeatthemeat ucantbeatthemeat is offline

    Santa Monica, CA
    United States

    Posts: 1,549
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    Nov 28th, 2006 (11/28/2006 6:05am) in reply to NI_HAN_NI_HAN

    There is also no law that says you WONT go to prison for not paying said taxes.
  11. mainemonster mainemonster is offline

    Gorham, ME
    United States

    Posts: 112
    Joined: Apr 06

    Nov 28th, 2006 (11/28/2006 6:26am) in reply to -E2-

    Hey E-2,

    Make sure one of your budddies isnt laughing his ass off right now. This sounds like the perfect little gag to play on a fellow poker buddy. "not even sure how they got my address?". Good luck if it is real letter.
  12. edbite edbite is offline

    Harrison, NJ
    United States

    Posts: 294
    Joined: May 05

    Nov 28th, 2006 (11/28/2006 7:19am) in reply to NI_HAN_NI_HAN

    Tell that to Crazy Cabbie from the Howard Stern show. He went on air saying exactly what you did and what the guy in the article is saying. He said he didn't pay his taxes and that he didn't have to.

    Well, he just finished a year in prison, is on probation, and is now considered a felon.

    Just sayin.....
  13. steve steve is offline

    Memphis, TN
    United States

    Posts: 1,469
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    Nov 28th, 2006 (11/28/2006 7:23am) in reply to mainemonster

    It's the federal government, if they want to find you, they can. If by no other means they could have checked property records and found out that you bought a new place.

    Oh, by the way, the law that authorizes Congress to levy income taxes (and implicitly requires citizens to pay them) is the 16th Amendment to the Constitution. Anyone who tells you otherwise is quite foolish, and trying to free ride on our system.
  14. HoosierAlum HoosierAlum is offline

    Chicago, IL
    United States

    Posts: 160
    Joined: Feb 06

    Nov 28th, 2006 (11/28/2006 10:47am) in reply to -E2-

    If you have a Neteller or similar account with $10,000 or more at any time during 2005, you must report it to the government. You do this by checking a box on Schedule B of Form 1040 (and listing the country/ies) and by filing Form TD F 90.22-1 with the Department of the Treasury (not the IRS). <span>It's almost certain that if you do this you </span>will<span> be audited</span>.

    Did you report this at any time to the government?
     
  15. Cmoney3 Cmoney3 is offline

    United States

    Posts: 12,401
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    Nov 28th, 2006 (11/28/2006 11:05am) in reply to HoosierAlum

    say i profit 10,000 even, what % can i expect tp pay in tax?
  16. AFink93 AFink93 is offline

    Norwich, CT
    United States

    Posts: 14,381
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    Nov 28th, 2006 (11/28/2006 11:14am) in reply to Cmoney3

    It depends on how much other income you make at your real job. If the 10K is your only income probably around 15%.
  17. sol160 sol160 is offline

    Lagrangeville, NY
    United States

    Posts: 4,342
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    Nov 28th, 2006 (11/28/2006 11:21am) in reply to Cmoney3

    depends on the amount of other income
  18. SchruteRules SchruteRules is offline

    New Bern, NC
    United States

    Posts: 1,889
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    Nov 28th, 2006 (11/28/2006 11:27am) in reply to sol160

    Another reason that this thing rules.

    <table border="0" width="148"><thead><tr><th scope="colgroup" colspan="1"></th></tr></thead> <tbody><tr><td>Now you can apply for your own NETELLER Card!</td></tr><tr><td><a target="_blank" rel="nofollow" href="https://www.neteller.com/account/index.jsf#" onclick="clear_debitCardBannerViewId_3AdebitCardBa nnerFormId();document.forms['debitCardBannerViewId:debitCardBannerFormId'].elements['debitCardBannerViewId:debitCardBannerFormId:_link _hidden_'].value='debitCardBannerViewId:debitCardBannerFormI d:_idJsp37';if(document.forms['debitCardBannerViewId:debitCardBannerFormId'].onsubmit){var result=document.forms['debitCardBannerViewId:debitCardBannerFormId'].onsubmit(); if( (typeof result == 'undefined') || result ) {document.forms['debitCardBannerViewId:debitCardBannerFormId'].submit();}}else{document.forms['debitCardBannerViewId:debitCardBannerFormId'].submit();}return false;" id="debitCardBannerViewId:debitCardBannerFormId:_i dJsp37">
    </a></td></tr></tbody></table>
  19. kksuited kksuited is offline

    Atlanta, GA
    United States

    Posts: 271
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    Nov 28th, 2006 (11/28/2006 1:41pm) in reply to SchruteRules

    I think the part where you say "I was able to deduct enough to where my taxes were minimal" is the problem.

    If you were making money, buying a house, etc, but hardly paying anything in taxes, they'll probably get you for that.

    Let us know how it goes.
  20. HoosierAlum HoosierAlum is offline

    Chicago, IL
    United States

    Posts: 160
    Joined: Feb 06

    Nov 28th, 2006 (11/28/2006 3:05pm) in reply to SchruteRules

    If the IRS audits your Neteller account, they are going to be trace the $ that you put on your Neteller Card.
     
  21. Adam Adam is offline Emperor

    Atlanta, GA
    United States

    Posts: 12,629
    Joined: Dec 04

    Nov 28th, 2006 (11/28/2006 3:10pm) in reply to steve

    This forum administrator agrees with what that ^^^^ almost-lawyer said...
     
  22. ChuckSty ChuckSty is offline

    Durham, NC
    United States

    Posts: 2,358
    Joined: Oct 05

    Nov 28th, 2006 (11/28/2006 3:51pm) in reply to HoosierAlum

    i need an accountant bad.
     1
  23. FeloniousPunk FeloniousPunk is offline

    Ithaca, NY
    United States

    Posts: 231
    Joined: Jul 06

    Nov 28th, 2006 (11/28/2006 4:08pm) in reply to -E2-

    If you have any concerns that the IRS will interpret your neteller transactions as being in conflict with your tax return, consult a tax attorney immediately.

    Also, did they ask for transactions from a particular period of time, or for all transactions? Don't provide any more information than asked for.
  24. booya booya is offline

    Posts: 1
    Joined: Nov 06

    Nov 28th, 2006 (11/28/2006 7:50pm) in reply to -E2-

    hey E2 can you be more descriptive, like how much have you won/lost in total, did the IRS give you warning letters before, what kind of deductions did you use, etc.?
  25. acecatcher26 acecatcher26 is offline

    AR
    United States

    Posts: 4,351
    Joined: Jan 06

    Nov 28th, 2006 (11/28/2006 8:09pm) in reply to booya

    www.thefuckingfishpaidtaxesonthemoneywhentheygotth eirpaychecks.com
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