Online Gambling

[DENNISSTJEANJR]

I dabbled in online gambling this past year and ended up winning over 50,000. I deal with a company out of costa rica and really question weather the u.s. government is entitled to their share.
I had all winnings transfered to my bank account and I wonder If I will have to explain to uncle sam where it came from. Bodog says they dont release any sort of records to anyone. I will pay the taxes on these winnings, but obviously, I dont want to.


Dennis from Orlando

 

[seniorjudge]

I dabbled in online gambling this past year and ended up winning over 50,000. I deal with a company out of costa rica and really question weather the u.s. government is entitled to their share.
I had all winnings transfered to my bank account and I wonder If I will have to explain to uncle sam where it came from. Bodog says they dont release any sort of records to anyone. I will pay the taxes on these winnings, but obviously, I dont want to.


Dennis from Orlando

Where were you when you won this money?

 

[abezon]

If you are a US citizen, you pay taxes on worldwide income. Where you won it is irrelevant -- Richard Hatch won his $1M outside the US & now gets to pay practically all of it to the IRS in taxes + penallties + interest.

 

[DENNISSTJEANJR]

I was in orlando when money was won. Offshore sportsbook sends check or bank transfer whenever requested.
If I had lost money, could I claim that on my taxes?

 

[seniorjudge]

I dabbled in online gambling this past year and ended up winning over 50,000. I deal with a company out of costa rica and really question weather the u.s. government is entitled to their share.
I had all winnings transfered to my bank account and I wonder If I will have to explain to uncle sam where it came from. Bodog says they dont release any sort of records to anyone. I will pay the taxes on these winnings, but obviously, I dont want to.


Dennis from Orlando

I seriously doubt that this is a real post; no one wins $50K on internet gambling sites. His account would've been shut down after the first couple of hundred dollars of winning.

 

[HomeGuru]

yup and gambling is illegal in Orlando anyway.

 

[DENNISSTJEANJR]

This is a real post. Why would anyone waste their time on a board like this? I really won this money and really am worrying about filing my taxes this year. I used 9 different sportsbooks throughout the year and was not shut down once. The reason for the 9 is because of the wager maximums imposed on me by the sportsbooks.
The last time I checked, Only California and Nevada have banned online gambling. There is not a law that I have found that prohibits online gambling in Florida.
My question was in regards to taxes. If you dont have any legit advice, please dont bother to reply with a silly post. Some people do win gambling on sports, obviously

 

[seniorjudge]

This is a real post. Why would anyone waste their time on a board like this? I really won this money and really am worrying about filing my taxes this year. I used 9 different sportsbooks throughout the year and was not shut down once. The reason for the 9 is because of the wager maximums imposed on me by the sportsbooks.
The last time I checked, Only California and Nevada have banned online gambling. There is not a law that I have found that prohibits online gambling in Florida.
My question was in regards to taxes. If you dont have any legit advice, please dont bother to reply with a silly post. Some people do win gambling on sports, obviously

Richard Hatch, pay your taxes. You too, Dennis.

 

[HomeGuru]

This is a real post. Why would anyone waste their time on a board like this? I really won this money and really am worrying about filing my taxes this year. I used 9 different sportsbooks throughout the year and was not shut down once. The reason for the 9 is because of the wager maximums imposed on me by the sportsbooks.
The last time I checked, Only California and Nevada have banned online gambling. There is not a law that I have found that prohibits online gambling in Florida.
My question was in regards to taxes. If you dont have any legit advice, please dont bother to reply with a silly post. Some people do win gambling on sports, obviously

**A: yeah right, you're a liar and live in a fairy tale.

 

[DENNISSTJEANJR]

I guess I should. I was just hoping there was a little loophole somewhere I could jump through. I just dont want to raise a red flag on my taxes by claiming a 50k gain from costa rica.

 

[DENNISSTJEANJR]

Sounds like your a little jealous there homoguru. Its ok, a little luck might come your way someday too.

 

[HomeGuru]

Sounds like your a little jealous there homoguru. Its ok, a little luck might come your way someday too.

**A: hahaha, you're a real comedian.

 

[ENASNI]

**A: hahaha, you're a real comedian.

Dennis Jean Jr.. Do not miss him.. He will be seen nightly at Bubba's Cafe.

Don't forget to tip your warden.

 

[seniorjudge]

This is a real post. Why would anyone waste their time on a board like this? I really won this money and really am worrying about filing my taxes this year. I used 9 different sportsbooks throughout the year and was not shut down once. The reason for the 9 is because of the wager maximums imposed on me by the sportsbooks.
The last time I checked, Only California and Nevada have banned online gambling. There is not a law that I have found that prohibits online gambling in Florida.
My question was in regards to taxes. If you dont have any legit advice, please dont bother to reply with a silly post. Some people do win gambling on sports, obviously

Right.

Gambling is a tax on people who do not understand mathematics.

Internet gambling is a tax on people who do not understand mathematics or computers.

 

[DENNISSTJEANJR]

So, basically this forum is useless. Just a bunch of trolls with no real legal advice, just silly banter.
Clowns