I feel sorry for the Americans!

[TightEnd]

it seems I am mistaken then

[RED-DOG]

if they are your sole income do you not have to declare them?

That is the question I asked

[snoopy1239]

if they are your sole income do you not have to declare them?

if you have a job and you win on the side, no

If you have a job, but win on the side, does it matter how much you win? - or is there still no requirement to declare?

[byronkincaid]

You don't have to declare anything Red don't worry.

[TightEnd]

(Not a lot of people know this but the same applies in the UK - your global income is taxable - although current legislation exempts your gambling winnings if they are not your sole income)

to what is Harry D referring then?

[TightEnd]

if they are your sole income do you not have to declare them?

if you have a job and you win on the side, no

If you have a job, but win on the side, does it matter how much you win? - or is there still no requirement to declare?

no Snoopy, it's irrelevant

[Gamblor21]

My Dad is the evil tax man you all speak off... your earnings are none taxable!

The government will not incur the loses, as was said! He has never told me to declare my earnings and i'm sure you don't have to.

[snoopy1239]

My Dad is the evil tax man you all speak off... your earnings are none taxable!

The government will not incur the loses, as was said! He has never told me to declare my earnings and i'm sure you don't have to.

irrelevant of how much you earn and whether or not you hold a job?

[TightEnd]

irrelevant full stop.

However, Harry's statement above confused me a little

[Mark S.]

ITIN numbers are a pain in the arse to get.

Here's a link to where you can get all the information you need about getting one!

http://www.irs.gov/individuals/article/0,,id=96287,00.html

Took me about 3 months to get one myself (cause of my mega selling book) but now I've got one I suppose it was all worth the hassle as it means that I never have to pay tax on earnings derived in the US howsoever made!

[AdamM]

I'll be recording my poker winnings closely and keeping what reciepts I can. don't want the tax man to think i'm making cash Tshirt sales then passing them off as winnings

[TightEnd]

ITIN numbers are a pain in the arse to get.

Here's a link to where you can get all the information you need about getting one!

http://www.irs.gov/individuals/article/0,,id=96287,00.html

Took me about 3 months to get one myself (cause of my mega selling book) but now I've got one I suppose it was all worth the hassle as it means that I never have to pay tax on earnings derived in the US howsoever made!

excellent, when are you planning to emigrate?


_{sorry (below the belt) sorry}

[AndrewT]

I'll be recording my poker winnings closely and keeping what reciepts I can. don't want the tax man to think i'm making cash Tshirt sales then passing them off as winnings

Adam, I'm sure that if you told the taxman that, for example, the £100,000 that you had was not from T-shirt sales, he'd believe you...

[marcro]

Gambling earnings are definitely tax free whether or not you have another job.  The hassle free way to get an ITIN number is as earlier indicated - play at the Bellagio and they will do it for you right away for no charge.

[AdamM]

if / when I pick up a 100k win I might struggle to motivate myself to keep going with the shirts.