Connecticut Man Faces Prison for Hiding Poker Winnings and Business Income

Guy Smith, a building contractor and part-time poker player from Milford, Connecticut, may face up to 30 months in prison for failing to declare over a million dollars in poker winnings and $482,000 from his business, Centerline Interiors. Smith won over a million dollars in poker tournaments around the US and in the Caribbean between 2012 and 2016. Smith ignored repeated warnings from the IRS to declare the income and pay the owed taxes and penalties, resulting in an IRS liability of roughly $820,000, including penalties and interest.