Busted by IRS now i owe back taxes on winnings

[westcoastinvader]

Originally Posted by blackthroatedwind

If you have account information that includes your signers, but shows you were a net loser, you should be fine. I guess you may have to pay a penalty but the account info should validate your net position.

My first wife used to have a bit of embarrassment when we visited the accountant for our tax prep and I tossed my signers down to list on the taxes.

Apparently making $$ was good, but making $$ from gambling was something not be made known in "good social circles" or something.

I was always kinda proud of those signers.



(my current wife loves 'em.....she laughs and shares stories with friends about my occasional gambling prowess....)