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[QUOTE="bazerk, post: 1371474, member: 62743"]
[I]corey333bd[/I], unsure if you're in the US or not. In the US, tax evasion is illegal but tax avoidance is not...I suggest contacting a tax professional to determine if the poker income is:
[LIST]
[*]gambling winnings (= gross income with limited loss deductions)
[*]business income (ie: you're a professional...with the IRS determining whether you're a professional or recreational player) with allowable business deductions.[/LIST]The Currency Transation Report is used to report single cash transactions (or multiple related transactions) >$10K involving cash and/or cash equivalents (cashier's checks, travelers checks, money orders, etc...) for deposits, withdrawals or currency exchanges -- identifies potential tax evasion and/or money laundering.
 
It is best for one to report all income & pay the corresponding taxes; the potential fines, penalties, & interest generally exceed the income (just ask Floyd Mayweather Jr...it was rumored IRS agents attended the Mayweather/Marquez fight in Sept to collect more than 1/2 his $10M purse to pay back taxes).
[/QUOTE]

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