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To: Coleus
I don't understand why people who gamble on sports go to the bookies. You can open up an account on your credit card and use the off shore gambling services on the internet.

Are the winnings taxable using an off shore account? Will they send you a 1099 on gambling profits?

13 posted on 02/11/2006 11:35:37 PM PST by dancusa (Appeasement, high taxes and regulation collects in the diapers of bed wetting liberals.)
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To: dancusa
Are the winnings taxable using an off shore account?

Yup.

Will they send you a 1099 on gambling profits?

Probably not. Doesn't mean that any winnings aren't taxable.

14 posted on 02/12/2006 12:10:41 AM PST by AntiScumbag
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