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I stopped trying to explain, now I just tell people that “I do shit on the web”. They seem to understand that better… I’m referring to friends of course. For the IRS, I use Internet Marketing.
I say I do online webwork. Most people accept that.
I am in Canada and am not sure if I enter advertising, marketing, or sales as what I do?
I can relate to people having the glazed over look!
For tax purposes I would call it affiliate marketing but to anyone else I just say “online casino advertising”
IP Specialist
Internet marketing here,
I give up trying to explain what i do
Publishing, Advertising, Internet services, Internet Marketing. all are reasonable descriptions of the businesses we operate.
I use internet marketing.
I also gave up trying to explain my job to other people. You can only dumb it down so much and people will still have no idea what I’m talkin about. I hate when they ask.
I use the IRS category “Internet Portals : Websites”.
A question for other Canadian casino affiliate people!! For those of us who are Canadian and we don’t have to pay taxes on gambling winnings – IF the casino pays us with the same payment processing as the players do you think we have to pay taxes? If there is a loss during a month can you deduct it from winnings? and finally if the payment comes from a bank wire from England (like BCP) do you think we have to pay if we just say we won at the online casino?
thanks
Just remember if you ever get audited… you have to prove you won that money. If you get audited they will look at each and every transaction in your bank account, every amount going in they will question. Every amount going in will automatically be assumed to be income unless you can prove differently. It’s why when I lend people money for instance I expect to be paid cash versus by check – this response is for shotgunpete.
Shotgunpete wrote:A question for other Canadian casino affiliate people!! For those of us who are Canadian and we don’t have to pay taxes on gambling winnings – IF the casino pays us with the same payment processing as the players do you think we have to pay taxes? If there is a loss during a month can you deduct it from winnings? and finally if the payment comes from a bank wire from England (like BCP) do you think we have to pay if we just say we won at the online casino?thanks
I don’t know specifically about the powers of the Canadian IRS – but if they’re like most other places then all I can say is … YOU IDIOT !!!
:Cry:You say … oh all these Internet payments … I won them !!
Honest I did … sigh.gifThey say … prove it !! Show us winning evidence.
Provide details – and we’ll check it out – and look for sworn statements from thr casino people. uh-oh.
:huh2:Does your player account show wins of that magnitude?? Ooops.
You’ll be forced to explain every single receipt after that.
:grunt:Additionally here in New Zealand :
– you would also be hit with penalties (somewhere between 100% to 300% of “avoided tax” )
– and possible face a jail term …
:Cry:Defrauding IRS is like playing russian roulette – except they hold the only gun -and keep pulling the trigger.
:withstupiSafe thing to do in my opine is just check with your tax guy on any tax related questions.
Gooner has a very good point when it comes to tax inspectors and customs these guys arent stupid. They can just ask you to produce every receipt if you havent got them uh oh! You cant win with them just be careful and do things correctly. The internet is very easily visible they can see everything your doing to.
