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[QUOTE="Crummy, post: 1037417, member: 18201"]
Barry Greenstine thought the same exact thing when he was younger. He would take his winning and only deposit somewhere around $9,000 to get around this and eventually got asked by the IRS. They didn't do anything like they could have, but they did tell him to NOT do this from here on out or they would take action. If you did it once, it might get through no questions asked, but I personally wouldn't take the risk.
 
I would HATE to see anybody here own a business, as the taxes will eat you alive.... THey did me! The ones who do know exactly what I'm talking about.... I wish you could all see how much I owed in taxes last year, you would shit your pants! The worst thing is that I know people who owe even more! 
 
The cool thing is when your self employed you can write things off. I don't know if this would work for a Poker player, as I have never reported anything win wise on my taxes, because I have yet to have the pleasure of doing so. As a business person and being self employed you can write off so much of all of your personal bills such as your house payment, electric, water, ect... As you have a "home office"..... It is worth asking a tax professional if this is what you do for a living.

Are you serious? Maybe you haven't grown up yet.... That is STUPID! If you made any dollar amount off of a tournament and didn't report it, the government has every right to throw you in jail for Tax fraud.
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