Where to go to file taxes?

So... I am thinking about going down the street to H n R block tell them I won this much from poker, file my tax. Is this how its done? any tips would or tricks on the issue would be cool.

Don't claim poker. Lie to the Government!

On March 17 2010 03:39 XoXthajmanXoX wrote: Don't claim poker. Lie to the Government!

well. i want to buy a nice house/car eventually in the future and I need a source for my income.

Taxation: how the sheep are shorn.

Probably best if you can find someone more experienced in poker tax I'd think. Most of the ppl at HnR block probably dont' have any experience in dealing w/ poker player taxes

definitely don't go to H&R, research accountants based in las vegas to start your search, there are lots of good ones

I know in Aus H&R Block basically just specialise in personal returns and their accountants generally aren't qualified CAs or CPAs, but if your tax is simple H&R Block should be fine if you can't do it yourself.

On March 17 2010 04:20 Rekrul wrote: definitely don't go to H&R, research accountants based in las vegas to start your search, there are lots of good ones

Dan it. i wish i lived in vegas.

due to things like the internet, your accountant can be based in LV while you are based in American Samoa.

cool. any one want to refer a good cpa friend that they had a good experience with as a poker player? via pm or posting here etc.

Good question, I've been pondering this and wonder what the other people that live off poker do with taxes. I too want to eventually start paying taxes but i know if you report the earnings as "poker" earnings you're going to get boned reallly hard.

sigh uncle sam takes a bigger piece if you're a degen ;(

On March 17 2010 03:35 JohnnyBologna wrote: So... I am thinking about going down the street to H n R block tell them I won this much from poker, file my tax. Is this how its done? any tips would or tricks on the issue would be cool.

I've done HnR Block the last few years mainly due to being a procrastinator, its just 2 blocks from my apt. The employees don't really know much, you basically tell them how much you've made, and answer a couple questions about yourself and 20-30 min later you're done. I feel a little guilty forking over a few hundred to them for something that can seemingly easily be done on my own, but at the same time I've tried navigating through turbo tax before and its a bitch.

If you're filing as a pro ask a lot of questions about what u can write off, but don't file as a pro unless you have no other occupation (in which case ur legally obligated to).

What about claiming gambling earnings online through Turbotax or TaxAct? They always ask me that when I file, seems easy enough. I mean the only reason to file is if you are worried you will eventually be audited.

live abroad, save 40k a year

ps if u PM i can give u my tax person's contact who deals with a lot of poker players

You don't have to report VPPs. Don't worry about it. 8)

People actually pay poker Taxes?

Thank god I live in the civilised part of the world

On March 17 2010 21:27 JohnnyBologna wrote: Show nested quote + On March 17 2010 04:20 Rekrul wrote: definitely don't go to H&R, research accountants based in las vegas to start your search, there are lots of good ones Dan it. i wish i lived in vegas.

There's this new phenomena called the internet where you don't necessarily have to physically be some where to be provided services. Look into it.

http://www.google.com/search?q=internet

On March 18 2010 06:44 Steal City wrote: live abroad, save 40k a year ps if u PM i can give u my tax person's contact who deals with a lot of poker players

so what's the best way to avoid paying taxes on poker earnings. Cash-out via check and have it cashed at one of those shady check-cashing places? One of my friend's friends has a friend who wanted to know.

You don't have to report VPP's? Where did you get that from? You have to report all winnings, including vpp bonuses