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Originally Posted by SundaySilence
I received a letter today stating I owe back Illinois state back taxes. Illinois does not allow gambling losses to be deducted against gambling winnings for state income tax purposes. Total bullshit, so I have to pay income tax on income I never had !!! So I had 30K in W-2G's and 30K in losses, well Illinois expects to collect tax on that 30K.
Here is a guy with a similar problem, with Illinois income tax response...I'm done, f*ck these stupid a-holes in Springfield. Do they think everyone who walks into a riverboat is paying tax?
http://www.revenue.state.il.us/Legal...7/ig070007.pdf |
It comes to about $900 at the 3% number, and probably end up being half that. And probably less that, if you have 30k in signers, your doing just fine
You are going to get hit with some late fees also.