I was talking to a friend of mine who has been doing very nicely at the $400NL tables. He is considering staying there as a PRO. We had a few doubts about how to handle the taxes.

If he stays playing and winning the 2/4NL he will be moving something around 6figures every month, according to my calculations. If that money is moved with neteller, and he doesnt put it in his bank account, is it possible that he has problems with the taxes if he doesnt report his earnings?

IS neteller a company based in the USA? I want to know this also for myself. As I have been improving the income from poker is getting interesting . Lately I have been considering this (poker) very seriously. I have no doubt that I can sustain more than 10ptbb/100 in the NL$50 now. If I move up to the NL$100 and can sustain something like that then I´m definetely staying as a pro because that is by far more than what I could do in the very best scenario in my profession . I dont know why I still have confidence problems about this. Maybe it s because I´ve always hated gambling. Well, back to the point, if I move to the USA, do I have to pay taxes if move all the money through the ATM provided by neteller? I know I HAVE to according to the law, the questions is, do they know that you are moving all that money?

If the banks dont have a way to tell it is you moving that money in the USA they dont have it here in the Dominican Republic. I might go to USA (Miami) to stay for a while if a big construction company hires me, that is why i want to know how you guys handle big profits there.

I was told by a Lawer friend of mine that I had to declare all my winnings to the state (here in Dominican Republic) regardless of the activity you are making the money in. If you dont that is considered Tax evasion, which isnt criminal here. I want to know how much infomation the goverment has about the money you are moving through the poker rooms and neteller and through the ATM machines, so I can have a better management of the money I´m winning and dont get into trouble.

I'm giving all my tax info, including neteller and everything on the poker sites, to an H&R block guy. That way if something goes wrong, I blame them.

I suggest if you're coming to the states, you talk to a good tax attourney. Tax evasion is a criminal offense here, and you're certain to get jail time and lose *ALL* your money (the interest and penalties ensure that) if you get caught.

I believe a certain amount of foreign earned income can be excluded, if you are living abroad. I could also be wrong though.