What happens if I don't pay my taxes?
There are a number of posts that have been made about players going to the neighborhood check cashing stores to cash their poker payouts into non-traceable (thus, non-taxable) cash. While this method will probably prevent the IRS from tracing those poker winnings, I don't recommend it, even if you think your chances of getting caught are slim.
Trying to beat the IRS is a lesson in futility. The IRS is very big, very determined and very severe when it comes to not paying your taxes. The general idea is that if you get caught, the IRS penalities are larger than you would think possible and the IRS will hurt you.
Just pay the tax!
NEXT: So, given the legal situation, am I supposed to pay taxes on my poker winnings?
