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Taxes

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DI
Joined
Sep 29, 2007
Messages
2,248
Location
UCF (Orlando, FL)
Ok this is a weird question i've had for some time, but i've always wanted to know.

Has anyone ever paid taxes on the money they won from smash tournaments? I would imagine in underground events the money just goes under the radar but I wonder if for a big event like MLG or something whether or not they had to pay taxes on the checks they won.
 

Jam Stunna

Writer of Fortune
BRoomer
Joined
May 6, 2006
Messages
6,450
Location
Hartford, CT
3DS FC
0447-6552-1484
Just don't report it. I don't think that any of those organizations issue W-2s or anything like that, and if you don't report prize winnings then Uncle Sam has no way of knowing.
 
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