anyone thats won alot offshore what did you do????
thanks
What makes people think they dont have to pay taxes or claim winnings on sports gambling but when you win the lotto or win big at a casino you have to claim all that. Betting sports online is no different. Of course you claim your winnings on your taxes. Now if its just couple hundred dollars i wouldnt worry too much. But when your talking bout a grand or couple grand a month, it will soon start throwing up red flags to the auditors, and like Bling said. Your going to have to explain where the $$'s came from. Thats why they call it "INCOME TAX". Whatever you bring in is taxed.
What makes people think they dont have to pay taxes or claim winnings on sports gambling but when you win the lotto or win big at a casino you have to claim all that. Betting sports online is no different. Of course you claim your winnings on your taxes. Now if its just couple hundred dollars i wouldnt worry too much. But when your talking bout a grand or couple grand a month, it will soon start throwing up red flags to the auditors, and like Bling said. Your going to have to explain where the $$'s came from. Thats why they call it "INCOME TAX". Whatever you bring in is taxed.
What makes people think they dont have to pay taxes or claim winnings on sports gambling but when you win the lotto or win big at a casino you have to claim all that. Betting sports online is no different. Of course you claim your winnings on your taxes. Now if its just couple hundred dollars i wouldnt worry too much. But when your talking bout a grand or couple grand a month, it will soon start throwing up red flags to the auditors, and like Bling said. Your going to have to explain where the $$'s came from. Thats why they call it "INCOME TAX". Whatever you bring in is taxed.
What makes people think they dont have to pay taxes or claim winnings on sports gambling but when you win the lotto or win big at a casino you have to claim all that. Betting sports online is no different. Of course you claim your winnings on your taxes. Now if its just couple hundred dollars i wouldnt worry too much. But when your talking bout a grand or couple grand a month, it will soon start throwing up red flags to the auditors, and like Bling said. Your going to have to explain where the $$'s came from. Thats why they call it "INCOME TAX". Whatever you bring in is taxed.
