Have a Tax Question? Ask a Tax Expert
Your tax debt will not go away...
What you need to do
- file your tax return
- report all your gambling winnings
- deduct your gambling losses - you need to use schedule A - deduction is limited by the amount you won.
- most likely - your tax liability will be much less than state taxing authorities determined - it is very likely - they do not care about your deductions.
You may not move to a different state and avoid the tax debt - ever they might not immediately start garnishment - your tax debt will not go away.
You would need to negotiate with taxing authorities and set the payment plan.
Let me know if you need any help or clarification.