Oh, I suspect they have "caught" you ... and have been figuring your taxes year after year for you with the most adverse means possible. The reason you haven't heard from them is they are finding REFUNDS, which you have been forfeiting by not filing. Hmmm, I wonder how much that might add up to over 27 years? Don't forget to add for legitimate deductions that you could have claimed.
Once you retire and employer withholding ends, the situation could change dramatically unless you have withholding coming from other sources. When they DO find you OWE (based on reportable income), they will be in touch with customary penalties and interest.
This might also start the audit-ball rolling and where that stops nobody knows (up to statute of limitations).
Of course I could be wrong ...
--- In vpFREE@yahoogroups.com, "GilbertA" <gilrus47@...> wrote:
>
> You may not have reported the W2G's but the IRS has them from the casinos. You may be on thin ice.
>
> --- In vpFREE@yahoogroups.com, "Robert" <stuckinvegas@> wrote:
> >
> >
> >
> > --- In vpFREE@yahoogroups.com, "rob.singer1111@" <rob.singer1111@> wrote:
> > >
> > > I do not understand why so many people fear W2G's. The more the better and the more jackpots the better. Isn't that really the name of the game in video poker?
> > >
> > > More concerning to me would be playing for points & slot club status than playing for as many W2G's as possible.
> > >
> > >
> > > ----- Reply message -----
> > > From: "carolm60656" <karolam@>
> > >
> > > I really like the Horseshoe and probably will be mid diamond by years end. I have to be careful about W-2's. On social security and husband pension and I do not want to have to pay extra for medicare,real estate taxes, etc. And since I am from Illinois, Indiana takes out almost 4 percent tax that I do not see as I am not a professional gambler and cannot file as such. In total I had few 4/kinds and no 4 deuces. Lost about $800 but 2 years ago won a total of $14,000 w2's which put us over the limit for some real estate exemptions.
> > >
> > I haven't filed a W2g forever and I've never been audited because of it. You people worry too much about being audited. Take my route and never report your winnings.
> >
>
