That shows why an average 5 out of 6 IRS employees are incompetent.
I went into each audit armed with copies of the IRS manual from my son-in-law, who works as a district manager for them in the Phoenix office.
What I faced was word-for-word and as I explained. And it makes sense also. Why would they choose to believe a 3rd party compilation when it's entirely possible that your card reader wasn't always perfect or ESPECIALLY when a player can just as easily play without a card? It's YOU who's being audited and not the 3rd party.
BTW, the "5 of 6" comment came straight from my daughter's husband.
Sent from my Verizon Wireless 4GLTE smartphone
----- Reply message -----
From: "eecounter" <eecounter@hotmail.com>
To: <vpFREE@yahoogroups.com>
Subject: [vpFREE] Re: Info when you cash a ticket
Date: Mon, Oct 17, 2011 1:38 pm
Rob,
My experience (based on thankfully only one tax audit so far) was just exactly opposite of your statement. The auditor completely dismissed my contemporaneous gambling log straight away, and was only interested in third party confirmation of my results - specifically the won/loss statements provided by the casinos. I guess it all depends on which auditor you get.
EE
--- In vpFREE@yahoogroups.com, "rob.singer1111@yahoo.com" <rob.singer1111@...> wrote:
>
> Per multiple IRS audits I've been thru as a professional gambler, those beloved casino win/loss statements mean nothing to the audit process.....
.... The only documentation that has value are your bank withdrawal/deposit records, and your personal contemporaneous gambling log. Nothing supersedes or holds more importance to the audit process than a taxpayer's/gambler's own words.
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