just reading another thread here where coachv made 50k and said "i pay my taxes" got me thinking:
what is to be gained from paying taxes?
*you're just throwing 15-20k away to the federal/state government, who spends it all on the 2 dumbest things to spend money on (war and interest). and if you lose 50k in the following year, tough shit you can't claim a net loss on gambling. so over a 2 year period you are breaking even on gambling and still down 15-20k in taxes.
*you're giving them a huge red flag and asking for an audit.
*you're asking for a letter requesting all the fbar reports you never filed and saying you are subject to criminal charges for not reporting your overseas gambling money.