Tax Evader’s Poker Face Does Not Fool the IRS

Guy Smith, a professional poker player and owner of Centerline Interiors, LLC, pleaded guilty to tax evasion for failing to report business income and poker winnings.

 

From 2012 to 2016 Smith provided his tax preparer false income and expense statements and failed to report almost $482,000 in income from Centerline Interiors.

 

Smith also concealed his gambling income, despite the fact that he had received numerous letters from the IRS notifying him that he was required to report all gambling income.

 

He participated in poker tournaments throughout the US and the Bahamas and paid no income taxes on more than one million dollars in winnings.

 

Smith is accused of failing to pay $821,415 in federal income taxes and faces a maximum prison sentence of five years.

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