[vpFREE] [acvpp] Re: REPORTING GAMING ON INCOME TAX

 



Greetings Ralph,

Congratulations on your W-2G win last year! If you have an iPhone and would like help tracking your future wins and losses in case of a potential audit, you can test drive our app for free:

http://itunes.apple.com/us/app/winloss-slot-players-diary/id408765252?mt=8&ls=1

You can also visit our website directly at http://www.sandcroft.net

Best Regards,
Alan

--- In vpFREE@yahoogroups.com, BANDSTAND54@... wrote:
>
> A former IRS person posted on this forum why it happened. I used TurboTax which checks for errors. I mailed them a 25 dollar check. It was not the money that bothered me. I go thru 25 dollars in the blink of an eye at the casino. IT WAS THE PRINCIPLE.
>
>
> Thanks
>
>
> Ralph Gary
>
>
>
>
>
> -----Original Message-----
> From: kcace1024 <cy4873@...>
> To: vpFREE@yahoogroups.com
> Sent: Sat, Apr 23, 2011 12:49 am
> Subject: [vpFREE] [acvpp] Re: REPORTING GAMING ON INCOME TAX
>
>
>
>
>
> Ralph,
>
> Your $2000 W-2G should reduce your refund by $500 or $300 not $25 if you are in the 25% or 15% bracket. If you itemize and you lost money on VP your refund should not change. The only way your refund should be $25 less is if your itemized deductions before gambling losses were just about $1900 less than the standard deduction threshold. That seems unlikely, so perhaps you made a mistake on your amended return.
>
> It is nice to see you and other gamblers paying income tax on a hobby that is costing you money. You should become a hedge fund manager like Mr Paulson who made several billion on the housing collapse and several billion again on gold without paying any taxes.
>
> "Taxes are for the little people" Leona Helmsley
>
> Good Luck,
>
> Chris
>
> --- In vpFREE@yahoogroups.com, BANDSTAND54@ wrote:
> >
> > I filed an amended today, both Fed and State. I included a check even though I am getting a refund. My winnings is zero. however my refund was reduced by 25 dollars which I should get shortly. Thank goodness i only had one form from the casino. What a pain in the ass.
> >
> >
> > Ralph Gary
> >
> >
> >
> >
> >
> > -----Original Message-----
> > From: fatfish643 <fatfish643@>
> > To: acvpp@yahoogroups.com
> > Sent: Wed, Apr 20, 2011 6:22 am
> > Subject: [acvpp] Re: REPORTING GAMING ON INCOME TAX
> >
> >
> >
> >
> >
> >
> > Hey GRUMP do you feel lucky. fugget it. Really ;the computers do the review, any W-2 not shown will eventually be caught. Plus send an amended form immediately, because it may take YEARS before they catch the mistake. Then you'll owe PENTALTIES & INTEREST. Definitely not cheap. Ask my wife.
> >
> > --- In acvpp@yahoogroups.com, BANDSTAND54@ wrote:
> > >
> > >
> > > Greetings
> > >
> > >
> > >
> > > I recently did my taxes on TurboTax. i used the premier version which is quite inclusive. I do not remember being prompted for my gambling W/L totals.although I had a loosing year by a wide margin Do you think they will audit me anyhow? . I did have one 2000 dollar hit.
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> > > [Non-text portions of this message have been removed]
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> > [Non-text portions of this message have been removed]
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> [Non-text portions of this message have been removed]
>

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[vpFREE] vpFREE2 Available Again

 

--- In vpFREE@yahoogroups.com, "vpfreetunic" <nkishfy@...> wrote:
>
> The site's hosting provider (Amazon Web Services) is
> currently down. The site should be back soon!
>
> The Amazon outage is rather large, the Wall Street
> Journal is even covering it: http://online.wsj.com/article/SB10001424052748703983704576277000970161740.html

vpFREE2 appears to be available again. Some updates are there already: http://www.vpfree2.com/video-poker/recent-updates

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[vpFREE] Re: Sweepstakes Cafes- The Casino Next Door

 

Wow long article. I read the whole thing and recommend others do as well. Disturbing, but very informative.

~FK

--- In vpFREE@yahoogroups.com, "laserjobs" <anthony_fleming@...> wrote: How slot machines snuck into the mall, along with money laundering, bribery, shootouts, and billions in profits
http://www.businessweek.com/magazine/content/11_18/b4226076180073.htm?chan=magazine+channel_top+stories

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[vpFREE] Re: $2,478.25 royal on .25 progresives!!!!!!!!!!

 



--- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@...> wrote: Telling people that the sky is blue and grass is green and water is wet and expecting us to be in awe is hilarious. but other "experts" have gotten away with it, you are just a little late thats all

M J truncated

It appears you read my original post and didn't read the all the rebuttals and replies myself and others made. I made this original post late at night and did indeed only skim it, making several incorrect assumptions. I have since retracted my statements and conceded the point...and even thanked people for correcting me.

It's probably worth noting that my reason for posting was merely concern that people might be playing progressives a little too low, since $2,478.25 is so much lower than I would consider a play. I think the only quarter progressive I've ever play at that low a number was a FPDW 1% meter at the old Alystra (not sure on spelling) in Henderson. I fixated on what seemed like a low progressive amount (to me) and didn't really take all of what you said in context. You are absolutely correct on this point..and I said as much in previous posts.

Anyway, the important thing to take away from this for me was that it is a good idea to slowly read entire threads, if one feels they might have something to contribute...and when one is tired and merely skimming, it might be better to to only read rather than post.

It's clear from your tone that I upset you. That would never be my intent. I prefer to amuse.

~FK

P.S. I thought the sky was purple!

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[vpFREE] Re: $2,478.25 royal on .25 progresives!!!!!!!!!!

 


ROFLMAO

wow your are so ignorant

--- In vpFREE@yahoogroups.com, "Frank" <frank@...> wrote:
>
> Hang on a minute (or in German "Ein minuten bitter!")
>
> If it started out as a 97.58% return game, you needed at least $2,200 to make it to break-even. If you were playing when the meter was $2,478.25 you were playing at less than the edge you'd have on 5/9 Deuces 100.76% return.
> ***************************************************************
NO shit! I hit it because I played it . and wow nobody else knew 9/5 ducks return 100.76% TY very much.
**********************************************************************

> And playing regular FPD is not worth anyone's time, unless one makes less than $8 an hour at their regular job.
*****************************************************************
Your comment speaks for it self. But it does show a rare combo of arrogrance and ignorance plus some elitesm so does have vaule

>*********************************************************************
> Unless there are some major slot club benefits you aren't sharing, you seem to be very happy about having played and hit a progressive you never should have been playing in the first place.
**********************************************************************
LOL , I should not have been playing a 100+% oppurtunity ? really ?
not to mention why i went to play that day. Need to read my post, maybe for the first time?

******************************************************************
>
> Not to mention the strategy changes significantly for a progressive that high. It's unlikely you even had an edge if you were playing non-progressive strategy. If you're going to play that bank in the future, you need to wait for more, and you need to create a progressive strategy for your projected start number.
*********************************************************************
and which i posted and you ignored as did not fit your preconcived notion that you are the one and only one who can some how make a change in strategy to fit the situation. per VP genius I got the changes correct.

Funny i did expect to get some comment on the changes i made on the fly, so far none?

**********************************************************************
>
> I'm sorry if I'm raining on your parade,
*********************************************************************
Naw you are not important, sorry for u if you really think you are
**********************************************************************
but I'm trying to give you good advice on how to make money paying VP...and help you avoid further wastes of your time.
> ********************************************************************
Since did not read or maybe did not understand most of my post you are not capable of giving good advice . Good advice is based on facts, not ego. But I do agree with you that you are an expert in wasting of time, just got it wrong this time.
**********************************************************************
FK welcome to the group, we really need another self taught proctologist on here.

Telling people that the sky is blue and grass is green and water is wet and expecting us to be in awe is hilarious. but other "experts" have gotten away with it, you are just a little late thats all

M J

> >
>
> --- In vpFREE@yahoogroups.com, "weepum" <weepum@> wrote:
> > Fantastic! Congratulations! I'm still trying to hit my first one...can you say ELUSIVE! :)
> >
> > --- In vpFREE@yahoogroups.com, "mklpryy24" <mklpryy24@> wrote:
> > >
> > > got your attention??
> > >
> > > hit royal this morning at native casino on a 97.58 deuces wild progressive , dont know exact payback but 140% increase in royal plus .50 cb ( double points) made it playable , saw it get hit at 1100 3 weeks ago, must not been hit since, YEAAAAAAAAAAAAAAAA!!!!!!!!!!!!!!
> > >
> >
>

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[vpFREE] Sweepstakes Cafes- The Casino Next Door

 
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[vpFREE] Scot Krause's VEGAS VALUES - 24 APR 2011

 

Scot Krause's VEGAS VALUES - 24 APR 2011

http://www.americancasinoguide.com/vegas-values/april-24-2011-vegas-values-report.html

or

http://tinyurl.com/3m67b9g

<a href="http://tinyurl.com/3m67b9g">
http://tinyurl.com/3m67b9g</a>

*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
*************************************************

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[vpFREE] New Machines..Repost

 


Greetings

Why do some casinos like the Borgata have the latest VP machines and Harrah's Resorts both in AC have dinosaurs? Are they bought rented or loaned?

Happy Easter

Ralph Gary

[Non-text portions of this message have been removed]

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[vpFREE] Fwd: New Machines

 



-----Original Message-----
From: rafoil1@aol.com
To: BANDSTAND54@aol.com
Sent: Sun, Apr 24, 2011 7:12 am
Subject: Fwd: New Machines

-----Original Message-----
From: rafoil1@aol.com
To: vpfree@yhoogroups.com
Sent: Sun, Apr 24, 2011 6:53 am
Subject: Fwd: New Machines

-----Original Message-----From: rafoil1@aol.comTo: acvpp@yahoogroups.comCc: vpfree@yahoo.comSent: Sun, Apr 24, 2011 6:52 amSubject: New MachinesGreetingsWhy do some casinos have the latest in VP machines like the Borgata andothers have dinosaurs like Harrah's Resorts both in AC?Do they have to pay for these or are they loaned or rented?Happy EasterRalph Gary



[Non-text portions of this message have been removed]

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[vpFREE] LVA Question of the Day - 24 APR 2011

 

LVA Question of the Day - 24 APR 2011

Q: Are there any reasonable-sized casinos that still have
coin-in machines? I understand it's cheaper to have TITO
machines and the supposed benefits, but there's nothing like
the clink of the coins and the feel of them in your hands.
Yup, dirty hands, but it's just more fun!

Read the answer here:

http://www.lasvegasadvisor.com/qod.cfm

<a href="http://www.lasvegasadvisor.com/qod.cfm">
http://www.lasvegasadvisor.com/qod.cfm</a>

NOTE: vpFREE access to the Question of the Day link has
been approved by LVA and expires after the current day
for non-LVA members.

*************************************************
This link is posted for informational purposes
and doesn't constitute an endorsement or approval
of the linked article's content by vpFREE. Any
discussion of the article must be done in
accordance with vpFREE's rules and policies.
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