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[QUOTE="thejuanupsman, post: 1066593, member: 38477"] To play or to tax? The first is open to interpretation, even my fellow lawyers don't agree on the legality of online poker in the US. It's really going to depend on how the first big challenge case goes. But, whether it is legal or not has no effect on whether it is taxable. You are supposed to pay tax on all income. Whether it is from a legal or an illegal source. As to those who think it can't be found out...never underestimate the ingenuity of the IRS. Many people who never kept their money in the bank have been charged with tax evasion. The temptation to spend more than your income can explain trips up many, many people. And if you can't spend it, what good is it. You are better off reporting and actually being able to do what you want with the rest. [/QUOTE]
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