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Old 06-04-2007, 09:35 PM
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philcski philcski is offline
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Join Date: Jun 2006
Location: Mission Viejo, CA
Posts: 8,872
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This is garbage. I got the letter today as well- Uncle Sam is already chasing me for 2005 and 2006 and I'm serious, I'll go to court before I pay taxes on ANY IRS reported wagers. The law is so arcane and unfair it's sickening. If you go to the casino and hit a slot machine for $9,999, nothing is reported. But if you go to the track and you hit a f*cking $600 tri (with money that hypothetically has already been income taxed) you get whacked by the IRS. Screw them, I'll go to jail for a couple days for the sake of horse players everywhere. They can make a f*cking example out of me.
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