[vpFREE] Re: rob singer posts

 

I can take the heat for my opinion-Never suggested banning rob singer.
I just reiterated VP Free Moderater's original concern of disruption by rob singer.
I do not appreciate the personal attack by card father for my opinion.

--- In vpFREE@yahoogroups.com, John White <depbonus@...> wrote:
>
> I'm all for freedom. But last time I
> checked we live in a very conformist country that has things like the
> Sedition Act and the Patriot Acts on the books as law. Now mine is
> the kind of comment I'd expect to get pushed to the other forum.
> Singer's. however controversial, does have to do with VP. But I'll
> continue. . . Various free speech activist groups rank the good ole
> USA anywhere from 24th to 36th in the world.
>
>
> ________________________________
> From: "Albert J. Roth, Jr." <alrothjr@...>
> To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
> Sent: Wednesday, March 21, 2012 1:44 PM
> Subject: Re: [vpFREE] rob singer posts
>
>
>  
> I can only hope that your kidding about banning anyone.  It is entirely understandable to ban someone should they become abusive, however, it becomes your choice to read or not to read Mr. Singer's posts.  Last time I checked, we live in a country that not only accepts but often time encourages alternate opinions.  Just because someone differs in your opinions, or dare I say, have a mind of their own and is not afraid to speak it is not a call to arms for banning.  If you do not like Mr. Singers posts, then simply do not rad them, personally I find his insight and understanding of the game (remember it is a game) helpful. 
>
> ________________________________
> From: jim_mason7 <7711-jimmason@...>
> To: vpFREE@yahoogroups.com
> Sent: Tuesday, March 20, 2012 9:37 PM
> Subject: [vpFREE] rob singer posts
>
>
>  
>
> I think the the vp moderator was right about his initial concerns with Rob Singer responses(3 and counting) to this subject being disruptive. I would respectfully suggest that Mr Singer be barred from any further participation on this thread so the rest of the group may enjoy this subject without controversy.
>
> --- In vpFREE@yahoogroups.com, "rob.singer1111@..." <rob.singer1111@> wrote:
> >
> > I don't think gamblinman was dissing the math as much as he was the exercise. Besides, everyone who plays a vp machine inside a casino is gambling, not all advantage players win, and not everyone else loses.
> >
> >
> > "gamblinman46825" wrote:
> > > > This whole subject is drivel and serves little purpose in my opinion!
> >
> >
> > Dan Paymar replied:
> > > This fellow's handle "gamblinman" gives us a clue as to why he believes
> > > that the math is "drivel." He's a gambler ...
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
> [Non-text portions of this message have been removed]
>
>
>
>
> [Non-text portions of this message have been removed]
>

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RE: [vpFREE] Re: W2G

 

<<Don wrote,
" Never a problem. Last year (tax year 2010), I has 70 of them. The total of
the W2Gs is listed under miscellaneous income. My accountant e-files".

But is it a matter that you've been lucky to not get caught?
So you just put it under miscellaneous income with no mention that it is
"certain gambling winnings"?
Seems risky, that is unless one doesn't mind tangling with the irs and
having to explain everything to them. I'm glad it's worked for you but I
don't know if I could stand to do it.>>

My best guess is that your accountant is simply repeating what his tax
software is telling him. A couple years ago I looked at the actual content
being e-filed and there was no data corresponding to individual W-2G amounts
or other information on those forms. Now it may have changed the last year
or two, but in the past all I've heard from other high-limit gamblers is
that as long as the amount on line 21 is greater than or equal to the total
of the W-2Gs the IRS won't question it. If it's less, you will likely get a
letter audit. My point is that while the tax software asks you to type in
all that data for each W-2G, it doesn't actually use it other than to total
the amounts as far as I can tell.

Cogno

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[vpFREE] Re: Palms Now a Shadow of its Old Self for VP Players

 

--- In vpFREE@yahoogroups.com, "mike" <melbedewy1226@...> wrote:
>
> Anyone know if they still have the quarter NSUD?

As far as I know there are only four machines with 25c NSUD at the Palms. Of course they have stickers saying they are not eligible for promotions.  

As listed here: http://www.vpfree2.com/casino/palms

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[vpFREE] Re: W2G

 

How about the $100 triple play machine.
A dealt high pair will be a handpay, even if it just refunds the $1500 wagered.

--- In vpFREE@yahoogroups.com, "futrend" <futrend@...> wrote:
>
> I saw a $100 9/6 JoB machine in the high limit room at Caesars
> Palace. I asked personnel if the machines locks up for a hand pay
> and W2 evey time someone gets 3 of a kind. You actually only make
> $1,000 profit on that frequent hand! He said yes, they generate
> a W2 and a hand pay, but they are very efficient at servicing the
> client. I am curious if anyone has played at that level and how
> difficult that is. Not that I am even thinking along those lines,
> but I am curious.
> There are lower denomonation machines that my also cause frequent
> W2s. Any full coin hand over 50 coins would be a W2 on a $25
> machine. This maybe a silly question, but under the assumption
> someone is not hiding from the IRS, does anyone make a conscious
> decision to go down in denominations to avoid W2's. I thought in
> a positive situation advantage players would try to play as fast
> as possible without making any (or very few) mistakes and at the
> highest denomination that their bankroll could support.
> Does the stoppage for hand pays and W2s enter into the decision
> to play a smaller denomination machine? Or, is there sufficient
> financial incentive for a minimum of W2s to motivate one to play at
> a smaller denimination? I am assumming you are in a nice positive
> play and your bankroll is sufficient for any choice of denomination.
>
> Bob
>

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Re: [vpFREE] Re: W2G

 

I've never submitted W2G copies, I've had A LOT of them, I've always done my own paper returns, I've had several audits for other reasons, and it has never been an issue or caused me any trouble.

I suspect just as with the input you'd get from multiple auditors, there are just as many varying opinions from tax "specialists". Just do what you're comfortable with, and if you get audited then go with the flow that your individual auditor presents, and as long as you're not hiding anything, you'll be fine.

----- Reply message -----
From: "nemartin" <nemartin2002@yahoo.com>
To: <vpFREE@yahoogroups.com>
Subject: [vpFREE] Re: W2G
Date: Wed, Mar 21, 2012 6:10 pm
--- In vpFREE@yahoogroups.com, Flying Mia <flyingmommamia@...> wrote:

>

> My CPA in also told me this week that because I had over 30 W2Gs I was

> ineligible to e-file. He listed them all individually in the paper

> attachment and I'll have to cram the W2s into an envelope. Not surprised by

> that some do it and some don't.

>

You are only required to submit the actual W2G if it shows "withholding". So long as they have been enumerated on the appropriate attachment - hard copies of each individual W2G do not need to be included with the return.

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

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[vpFREE] Gambling with an Edge --- March 22

 



Tomorrow night's show will feature Stanford Wong, discussing
his book Sharp Sports Betting.

We will also address a question from a listener who asked if
being an advantage player is as easy or hard as finding a good game and
memorizing a strategy card.

GWAE is broadcast live on 1230AM from 7-8 p.m. in Las Vegas.
It is broadcast live on www.klav1230am.com
from anywhere. On Friday the show will be archived on bobdancer.com



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

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Re: [vpFREE] W2G

 

Hi Walter,

That does make sense, you're probably right.
Who knows.....I don't know if it's a new thing that you aren't supposed to list more than 30 of them to efile...guess it doesn't matter.

Thanks,
Valerie

My guess as to why IRS wants them listed individually (payer name and
amount) is so that they can automatically match them up with the IRS copies of
the W2-Gs that they received from the casino. Showing a lump sum when the
IRS has received several W2-Gs for that taxpayer would likely trigger an
audit.

__________ Information from ESET NOD32 Antivirus, version of virus signature database 6987 (20120321) __________

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http://www.eset.com

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Re: [vpFREE] Re: W2G

 

Don wrote,
" Never a problem. Last year (tax year 2010), I has 70 of them. The total of the W2Gs is listed under miscellaneous income. My accountant e-files".

But is it a matter that you've been lucky to not get caught?
So you just put it under miscellaneous income with no mention that it is "certain gambling winnings"?
Seems risky, that is unless one doesn't mind tangling with the irs and having to explain everything to them. I'm glad it's worked for you but I don't know if I could stand to do it.
V

__________ Information from ESET NOD32 Antivirus, version of virus signature database 6987 (20120321) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com

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[vpFREE] Re: W2G

 

--- In vpFREE@yahoogroups.com, Flying Mia <flyingmommamia@...> wrote:
>
> My CPA in also told me this week that because I had over 30 W2Gs I was
> ineligible to e-file. He listed them all individually in the paper
> attachment and I'll have to cram the W2s into an envelope. Not surprised by
> that some do it and some don't.
>

You are only required to submit the actual W2G if it shows "withholding". So long as they have been enumerated on the appropriate attachment - hard copies of each individual W2G do not need to be included with the return.

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Re: [vpFREE] W2G

My CPA in also told me this week that because I had over 30 W2Gs I was
ineligible to e-file. He listed them all individually in the paper
attachment and I'll have to cram the W2s into an envelope. Not surprised by
that some do it and some don't.


> vpollard@socal.rr.com writes:
>
> For followup I thought I would post that I did call the IRS today and was
> put in touch with their e-file representative.
> She told me that, yes, there is a limit of 30 W2G's that can be e-filed,
> more than that and you have to file a paper return.
>
> Of course you can lump them into a sum depending on how you do your own
> return but apparently that's "illegal" and an accountant shouldn't be
> doing
> that for you.
> She also seemed to be saying that each W2G should be listed separately,
> but she also said that had something to do with the program you are using
> so
> I'm not sure on that point at all.
>
> Valerie
>
> [Non-text portions of this message have been removed]
>
>
>


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

------------------------------------

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Re: [vpFREE] W2G

 

Valerie,

My guess as to why IRS wants them listed individually (payer name and
amount) is so that they can automatically match them up with the IRS copies of
the W2-Gs that they received from the casino. Showing a lump sum when the
IRS has received several W2-Gs for that taxpayer would likely trigger an
audit.

Regards,

Walter H in Florida


In a message dated 3/21/2012 3:40:45 P.M. Eastern Daylight Time,
vpollard@socal.rr.com writes:

For followup I thought I would post that I did call the IRS today and was
put in touch with their e-file representative.
She told me that, yes, there is a limit of 30 W2G's that can be e-filed,
more than that and you have to file a paper return.

Of course you can lump them into a sum depending on how you do your own
return but apparently that's "illegal" and an accountant shouldn't be doing
that for you.
She also seemed to be saying that each W2G should be listed separately,
but she also said that had something to do with the program you are using so
I'm not sure on that point at all.

Valerie

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

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[vpFREE] Re: W2G

 

I haven't filed hard copies of my W2G's for years. Never a problem. Last year (tax year 2010), I has 70 of them. The total of the W2Gs is listed under miscellaneous income. My accountant e-files.

Don the Dentist

--- In vpFREE@yahoogroups.com, "Valerie Pollard" <vpollard@...> wrote:
>
> For followup I thought I would post that I did call the IRS today and was put in touch with their e-file representative.
> She told me that, yes, there is a limit of 30 W2G's that can be e-filed, more than that and you have to file a paper return.
>
> Of course you can lump them into a sum depending on how you do your own return but apparently that's "illegal" and an accountant shouldn't be doing that for you.
> She also seemed to be saying that each W2G should be listed separately, but she also said that had something to do with the program you are using so I'm not sure on that point at all.
>
> Valerie
>
>
> __________ Information from ESET NOD32 Antivirus, version of virus signature database 6987 (20120321) __________
>
> The message was checked by ESET NOD32 Antivirus.
>
> http://www.eset.com
>
>
>
> [Non-text portions of this message have been removed]
>

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Re: [vpFREE] rob singer posts

 

I'm all for freedom. But last time I
checked we live in a very conformist country that has things like the
Sedition Act and the Patriot Acts on the books as law. Now mine is
the kind of comment I'd expect to get pushed to the other forum.
Singer's. however controversial, does have to do with VP. But I'll
continue. . . Various free speech activist groups rank the good ole
USA anywhere from 24th to 36th in the world.

________________________________
From: "Albert J. Roth, Jr." <alrothjr@yahoo.com>
To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
Sent: Wednesday, March 21, 2012 1:44 PM
Subject: Re: [vpFREE] rob singer posts


 
I can only hope that your kidding about banning anyone.  It is entirely understandable to ban someone should they become abusive, however, it becomes your choice to read or not to read Mr. Singer's posts.  Last time I checked, we live in a country that not only accepts but often time encourages alternate opinions.  Just because someone differs in your opinions, or dare I say, have a mind of their own and is not afraid to speak it is not a call to arms for banning.  If you do not like Mr. Singers posts, then simply do not rad them, personally I find his insight and understanding of the game (remember it is a game) helpful. 

________________________________
From: jim_mason7 <7711-jimmason@usa.net>
To: vpFREE@yahoogroups.com
Sent: Tuesday, March 20, 2012 9:37 PM
Subject: [vpFREE] rob singer posts

 

I think the the vp moderator was right about his initial concerns with Rob Singer responses(3 and counting) to this subject being disruptive. I would respectfully suggest that Mr Singer be barred from any further participation on this thread so the rest of the group may enjoy this subject without controversy.

--- In vpFREE@yahoogroups.com, "rob.singer1111@yahoo.com" <rob.singer1111@...> wrote:
>
> I don't think gamblinman was dissing the math as much as he was the exercise. Besides, everyone who plays a vp machine inside a casino is gambling, not all advantage players win, and not everyone else loses.
>
>
> "gamblinman46825" wrote:
> > > This whole subject is drivel and serves little purpose in my opinion!
>
>
> Dan Paymar replied:
> > This fellow's handle "gamblinman" gives us a clue as to why he believes
> > that the math is "drivel." He's a gambler ...
>
>
>
>
>
>
>
>
>
>
> [Non-text portions of this message have been removed]
>

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

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

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[vpFREE] W2G

 

For followup I thought I would post that I did call the IRS today and was put in touch with their e-file representative.
She told me that, yes, there is a limit of 30 W2G's that can be e-filed, more than that and you have to file a paper return.

Of course you can lump them into a sum depending on how you do your own return but apparently that's "illegal" and an accountant shouldn't be doing that for you.
She also seemed to be saying that each W2G should be listed separately, but she also said that had something to do with the program you are using so I'm not sure on that point at all.

Valerie

__________ Information from ESET NOD32 Antivirus, version of virus signature database 6987 (20120321) __________

The message was checked by ESET NOD32 Antivirus.

http://www.eset.com

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

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Re: [vpFREE] Re: What Would It Take???

 

Responding just to your last paragraph, I had a strange (maybe bordering on weird) experience yesterday at Foxwoods. There was a gentleman having a machine put back in service late last night, and he was asking for a slot tech to fix the machine. It apparently was making a ticking sound that was bothering him.

He said to the slot attendant that he had dropped $4500 on the machine so far on this trip so the machine owed him and would make it up to him. Really now, what are we expecting reversion to the mean? That was the strange.

The "weird" was he said that the ticking was like the sound of the TITO slot, and I quote, "It is like the machine is telling me to put more money in, put more money in, put more money in,put more money in,  put more money in."

I was waiting for a hand pay so I had to stay there, and I overheard all this. But when the hand pay came, I decided I didn't want to be sitting next to him, in case the machine told him to start killing people instead of just putting more money in.  

What does it take? It takes all kinds.

Guru

 
Certainly the game is rigged. Don't let that stop you; if you don't bet, you can't win. -Lazarus Long
In theory, there is no difference between theory and practice. But, in practice, there is. -Yogi Berra
There is no such thing as luck. There is only adequate or inadequate preparation to cope with a statistical universe. -Robert Heinlein

>________________________________
> From: Barry Glazer
>
>And again, I know some people who will put $200 in a $1 single-line machine and play until it's gone, and then quit, and others that will feed money into the same machine as needed to keep playing until some factor other than money or fun makes them stop. Same goes for upside decisions, some will quit when they double their money, some will continue to play no matter how well they're doing. And so on...
>
>--BG
>
>

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

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