Our taxes are prepared by an enrolled agent who is experienced with preparing returns for gamblers. We take our advice from him. It is well worth the cost, which was less than we thought it would be.
If you are reading the thread "Always play full coin," well,do you really want to take tax advice from some of these folks?
>
>
> > To: vpFREE@yahoogroups.com
> > From: ted.troccola@...
> > Date: Fri, 4 Nov 2011 15:31:05 +0000
> > Subject: [vpFREE] How do you prepare for tax time?
> >
> > I am wondering what everyone does to prepare themselves for a possible IRS audit.
> >
> > I keep track of all wins and losses (date and amount).
> >
> > I either bring cash with me or use markers when I go to play. If I'm up, I pay the markers off at the casino. If I lose the entire marker, I'll let them withdraw it from my account after my 2 week grace period.
> >
> > I have 7 jackpots (WG-2s) for this year.
> >
> > I have several thousand dollars in losing lottery tickets from this year.
> >
> > I have accumulated 60,000 Tier Points at Harrah's Atlantic City (95% are from playing VP). As you probably know, they provide a W/L statement at the end of the year.
> >
> > Am I prepared for an audit?
> >
> > If not, what am I missing?
> >
> >
> >
> >
> > ------------------------------------
> >
> > vpFREE Links: http://members.cox.net/vpfree/Links.htm
> >
> > Yahoo! Groups Links
> >
> >
> >
>
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