Re: [vpFREE] How do you prepare for tax time?

 

1. Identify the casinos.

2. Keep all gambling-related financial information, such as bank deposit/withdrawal stmts., marker transactions, etc.

3. If you have casino won/loss stmts. make sure they match exactly with your personal gambling log totals or you will encounter trouble. The log always takes precedence, but providing two different sets of numbers will raise an IRS red flag.

4. In my 1st audit I made the mistake of offering too much info in the form of all my cashback, comps, etc. Luckily the auditor told me that type of "income" was not necessary to report. In my next two audits I left that info out--and the amounts were significant. Not a word was said or asked about it. I think it was Tom here who said his audit somehow included that stuff, so it's good to at least be prepared to discuss it since there seems to be inconsistent approaches by different auditors.

5. Never worry about having an audit, especially if you're properly prepared. Most people don't have them.

----- Reply message -----
From: "Ted" <ted.troccola@gmail.com>

I am wondering what everyone does to prepare themselves for a possible IRS audit.

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[vpFREE] Re: Golden Nugget offer to 1.5x match other casino offers

 

I did this offer in Aug & I had actually been in contact with them 6
months ago when they took a Wynn offer & made copies & returned the Wynn offer.
The person who set it up for me, Julie Hall, handled everything & made sure
our stay was on track before & after & that I had received all my free
play. By dealing directly with Ms Hall (Player Development 702-612-9257)
everything went smoothly & the stay changed my mind about GN where I had not
stayed in 10 years. The way it worked then was you get one-third of your FP
after completing certain point levels. Due to a busy schedule, I played over
a night & a morning & collected it all.

The experience would have been a good one were it not for the fact that I
was in the middle of a losing streak of at least 15 different casinos. Since
I had a lot of things going on at the time, I can't remember much about
the stay except that my wife & I liked it & would do it again since I didn't
know that they had remodeled & added a new pool. Unfortunately we only got
to try 2 restaurants as we spent a lot of time elsewhere with family &
friends. I can remember one was the coffee shop which we liked.

Re max that they will match, I think it's $7500 but I heard that someone
had tried a $5000 Harrahs & was turned down. When I did it the offers had to
be pre-approved &, since I wanted to book a few months down the road, it
was no problem but I got the feeling that they were checking me out in some
database since the approval came a day later.


In a message dated 11/2/2011 8:54:16 A.M. Pacific Daylight Time,
vpFREE@yahoogroups.com writes:

_Re: Golden Nugget offer to 1.5x match other casino offers _
(http://groups.yahoo.com/group/vpFREE/message/117882;_ylc=X3oDMTJzdWJwb2o4BF9TAzk3MzU5NzE1B
GdycElkAzQ2NDEwMTcEZ3Jwc3BJZAMxNzA1MDY1NzMyBG1zZ0lkAzExNzg4MgRzZWMDZG1zZwRzb
GsDdm1zZwRzdGltZQMxMzIwMjQ5MjQ5)
Posted by: "Dave" _haaljo@yahoo.com _ (mailto:haaljo@yahoo.com?Subject=
Re:%20Golden%20Nugget%20offer%20to%201.5x%20match%20other%20casino%20offers)
_haaljo _ (http://profiles.yahoo.com/haaljo)
Tue Nov 1, 2011 9:33 pm (PDT)

Also, it says "tell your friends!! we'll honor their other casino offers
too!!"
It's from Gerry Del Prete VP of player relations (409) 457-5166.
He put his photo on the offer with examples of $100=$150 through
$5K = $7.5K :-)

--- In _vpFREE@yahoogroups.vpF_ (mailto:vpFREE@yahoogroups.com) , "Dave"
<haaljo@...> wrote:
>
> Received abpve offer from GN (Vegas).
> The very small print:
> 1) 2 night stay required
> 2) Based on confirming no action since March 2010
> 3) GN will keep the original offer rcvd from the other casino
>
> There's more fine print but I stopped at #3 as having to give them the
original offer was a deal killer for us.

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

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