Yeah, almost ruined his life. He was making great money, but had just gotten divorced. Then he got laid off, but he wasn't too concerned because he had a ton in the bank. All of a sudden he had to live off unemployment. I owned a restaurant at the time, used to let him eat for free. Took him over a year to find a job, and that was with a 75K pay cut. BOA foreclosed on his house a week after he got a job. But I'm proud as hell that he told the IRS to f off, and he is one of the happiest people I know.

And his mistake was an obvious one. He thought the broker reported cost basis for a stock purchases, so he didn't. Ex - sold 1000 shares of ABC at 80, bought it at 70, 10K gain. He didn't report the cost basis, so the IRS said the gain was 80K.

The IRS charged my grandfather with tax evasion in the 1960's. My grandfather was reasonably wealthy (upper middle class) at the time. He spent every penny he had defending himself. He lost both restaurants he owned and went bankrupt defending himself. In the end the IRS agreed that he had made no mistakes with his taxes and all charges were dropped. He owed them no money. He never fully recovered financially. To the day he died he believed it was all done because my grandmother was of Russian decent and it was politically motivated by cold war rhetoric.

That's the thing about the IRS. They have unlimited resources and feel the need to prove their existence at every step. They'll turn over every rock to find where you screwed something up. You've never seen a power trip until you see the IRS in full force....

Edit: PS - Please don't audit me. kthxbai.

OK OK, I think the piling on has reached it's mob-mentality limit. I think the Lindgren stock has sunk low enough it's officially a BUY now.

FYP

You alls getting indignant like he wronged you personally need to get lives.

Wow. So was this ever resolved? How much did they seize, did he ever get it back?

Depends but anyway you slice it, any asset he still has is going to Uncle Barack. Let's just say TaxMasters is not an option.

Where do you get this idea? Of course then can, have and will. Especially celebrities. EL is no Wesley Snipes but if the DoJ really has a hard-on against FTP then certainly taking down one of their stars would make an AG's week.

DON'T AUDIT ME BRO!.jpeg


YOU GONNA GET AUDITTED.jpeg


Hehe

EL, Chino, Lederer, Jesus and Russ Hamilton. Sick home game.

I won't beat this thing to death but it is a major mistake to think he wouldn't be sent to jail. If you make $250K a month from a website that has been charged with money laundering and defrauding customers then all bets are off.

EL is not one of us. That makes him different then your friend who made a big oops because he wasn't paying attention.

He had a couple of hundred grand in the bank in case of emergency. The emergency came and the IRS took his money. He's still fighting them. He's racked up an enormous bill with the CPA and attorney, and says he doesn't care. Ar this point he would rather give all the money to them then let the IRS keep it. What really sucks now is he's making good six figures and his credit rating is as low as it gets. He can't finance anything. But he did move to a pretty cool area of Dallas and is having good luck being single again. I guess that's why he's so happy. Get rid of the methhead wife, have the IRS take everything, but hook up with lots of hot chicks.

Almost all psychopaths have great superficial charm and are incredibly nice and fun to be around. I assume Erick is one of these types. I have met many of them in the poker world, and they all seem to be able to scam money out of everyone they meet. They will say absolutely anything to get what they want.

Negreanu's response is absolute garbage, and I have lost all respect for him. Apparently to be "old school" means to not out people for being scum, because everyone is scum and if it gets out, all credibility for everyone goes out the window.

I personally am ashamed to be part of the poker world now, and I don't foresee myself being involved for much longer.

later bra

yeah bro i have no life, glad you know me

That depends on what his assets are. He does have a pretty nice house (for now)...

http://www.irs.gov/irm/part5/irm_05-017-003.html

That depends on why you owe, and how egregious it is. Many people end up owing money due to tax evasion. This is a felony, and can carry a prison sentence...

http://tax-evasion.org/what-kind-of-...on-charge.html

I have had bank accounts frozen by them , (it was my fault for not reporting a couple w2's ), but the arm of the IRS is long.

WOW! a Degen now equals a psychopath? I don't think Erick is void of human emotion, I just think he has a gambling problem.

Not all degens. I am basing this on having met the guy, all the anecdotal evidence, and all the traits that make someone a psychopath.

I haven't seen that really at all in this thread. What I've seen is that roughly 97% of the people who posted think what E-Dog has done is ****ing horrendous. I'm sorry but Chino and his issues aren't even in the same league as all the crap Erick has done.

Still though, I cringe when Brandon Adams posted that Ivey and others warned him about Erick and how bad he is with paying back his debts. Again, real easy for you Mr. Ivey to be commenting on others when you're bring in $900,000 a month from Bull-Tilt for doing nothing!!!

They IRS will put you in jail just for not paying. A friend of mine worked for his brother with a roofing company. His brother didnt take his taxes out of his checks. He made about 50K for the year and didnt pay any taxes. The IRS tried to resolve it with him but he was dead broke and not working at the time. They gave him a short period of time to pay back. When he didnt make good the IRS put him in jail for 3 months.

After the 3 month is the debt wiped clear?

Obviously no.

Owing the IRS 3.5 million IS tax evasion. He earned it and didn't pay taxes. Remember Richard Hatch from the first season of Survivor. He didn't pay taxes on one million in income and spent years in Club Fed....I think he may be back in there for not paying the taxes when they released him the first time LOL! And his tax liability was literally 1/10th of what EL owes.

There is no way he will lead any kind of normal life with this kind of tax liability. They probably have several people dedicated to collecting from him full-time. No joke. They will seize every asset you have and garnish any wages/winnings till its paid.