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Unread 04-20-2018, 02:56 PM
kevinmanuel kevinmanuel is offline
 
Join Date: Feb 2018
Posts: 6
Default Question about BIG PAYOUTS in online poker and IRS US law

HI,

Ok say I win like 50-100k in an online tourney at Pokerstars. Like the one dude who a 97k 200+15 buy in did. My questions are:
1. When they transfer the money do you have to pay tax on it?
2. Will the IRS give you the big eyeball seeing how there is a boatload of money in your checking account?
3. The whole online gambling offshore thing, how can they transfer money and it not be noticed?
4. Also isn't there a law forbidding online gambling in the US? If so when they do deposit money in your account, how can you legally explain to them what's up?


Please help.

I didn't find the right solution from the Internet.

References:
https://arstechnica.com/civis/viewto...?f=23&t=514152
Motion graphics video agency

Thanks!
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