Hello,
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/viewtopic … p;t=514152
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Thank you