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[QUOTE="zachvac, post: 1035767, member: 26306"]
Stars issues you no forms. You are required to report everything yourself. If you file taxes (there are rules on that, but I'm assuming you work and already pay taxes) you must pay taxes on everything you earn. You can deduct losses up to winnings but they must be filed separately. Say you made 1k in the year. It's probably more like you won 4k but lost 3k. You must have earnings of 4k on there and you can then deduct 3k on a separate line.

Basically Stars has no business with the US government. They don't deal with US taxes. That's your responsibility. You are required to pay taxes on 100% of your earnings, whether it's a dollar or 100k. In fact even if you lost money I'm pretty sure you are required to report the winnings and then you can deduct enough losses to offset winnings. Don't think that would affect amount paid so probably wouldn't get in trouble for not doing that. But failing to report taxes you owe is illegal and tax fraud. Remember they only got Al Capone on tax evasion.
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