May 19, 2004 at 7:37 am
#649453
Guest
Whoa, girl! 😮
If you’ve been thinking the income from your site isn’t taxable all this time and have not been keeping books and claiming it…and setting some aside………….Whoa! It is absolutely taxable income.
While you could probably get away with not claiming the odd win at an online casino, not claiming a steady income from a website would be a little riskier.
You have two choices: Ignore it and hope your name never comes up in the IRS audit “lottery”, or get a GOOD accountant to help you with your taxes so you can sleep at night.