Gambler1222 Posted January 18, 2021 Share Posted January 18, 2021 Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app 1 Quote Link to comment Share on other sites More sharing options...
therealwintersoldier Posted January 18, 2021 Share Posted January 18, 2021 2 minutes ago, Gambler1222 said: Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app Think we need our tax dodger expert @Gkell727 on the case for you 1 Quote Link to comment Share on other sites More sharing options...
ColourMeUp Posted January 18, 2021 Share Posted January 18, 2021 32 minutes ago, Gambler1222 said: Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app Launder it into crypto, fuck tax 1 Quote Link to comment Share on other sites More sharing options...
Guest andywilliams1187 Posted March 12, 2021 Share Posted March 12, 2021 On 18/01/2021 at 16:34, Gambler1222 said: Say you were to start doing a pay per head bookie website in a state where all online gambling is legal..... and it started out small but now you are on pace for 6 figure profit with 30 different players.. what to do about taxes? Everything is through Venmo and cash app Speak to an accountant who can advise - not one of the ones advertising in your local paper or who has a big glamarous office. You want one of the ones who looks after people properly; they usually drive non-descript cars and dont brag about their wealth so they are always unde the radar. My old one used to drive a Fiat Punto hahaha. If your unsure, speak to a couple of self-employed contractors, they usually know the best guys to go to whowill do all they can to ensure you keep the most of the money without getting a knock on the door from the taxman Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.