IRS and Poker Income

Thread starter Tygran
Start date Dec 8, 2007

KyleJRM

Visionary

Silver Level

Dec 9, 2007

#26

didimaketherightplay said:
I'd like to see the law that states they have a right to tax your wages.

U.S. Code Section 26

http://www.access.gpo.gov/uscode/title26/title26.html

Glad I could grant your request

zachvac

Legend

Bronze Level

Dec 9, 2007

#27

Crummy said:
7. You can't switch back and forth between being a professional and an amateur every year. Once you become a professional, you've made a career decision. You can switch, but expect trouble (audits) if you switch back.

Why would you ever declare you're a pro gambler then? Why not just be unemployed and you're an amateur gambler?

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