My Accountant: \"But how much did you lose?\"
 

So, I saw an accountant yesterday. We were going through records and he asks how much I have made in profit in 2006, I say "xxxxx" whatever, and he replies "ok so is that winnings or profit though?"

me: "oh that's profit..."

him: "right ok. But how much did you lose then?" (quoted verbatim)

It was very embarrassing as I started laughing outloud.. in his face.

Re: My Accountant: \"But how much did you lose?\"
 

lol

Re: My Accountant: \"But how much did you lose?\"
 

time for a new accountant? hire him as a comedian instead!

rj

Re: My Accountant: \"But how much did you lose?\"
 

In america, you can post "xxxxx" you gotta post the number. You crazy canadian!

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
started laughing outloud.. in his face.

[/ QUOTE ]

I LOL'ed

Re: My Accountant: \"But how much did you lose?\"
 

Hire a new accountant.

Hire me.

Except I don't live in French Canadia. Or NYC.

[censored] it, don't hire me then.

Re: My Accountant: \"But how much did you lose?\"
 

I'm glad I didn't do that when asked this question....

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
So, I saw an accountant yesterday. We were going through records and he asks how much I have made in profit in 2006, I say "xxxxx" whatever,

[/ QUOTE ]
Surely you mean "xxx,xxx" whatever...

Re: My Accountant: \"But how much did you lose?\"
 

My CPA is seriously +EV...he's an ex pro gambler [img]/images/graemlins/laugh.gif[/img]

He never asks teh ghey questions [img]/images/graemlins/laugh.gif[/img]

Re: My Accountant: \"But how much did you lose?\"
 

seriously, the fact that he asked you "profit or winnings?" then proceded to ask you how much you lost should be grounds for him to lose his CPA. last i heard, retards can't be certified public accountants.

Re: My Accountant: \"But how much did you lose?\"
 

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In america, you can post "xxxxx" you gotta post the number. You crazy canadian!

[/ QUOTE ]

I'm american, this was in new york.

Re: My Accountant: \"But how much did you lose?\"
 

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I'm american

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yeah right

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
time for a new accountant? hire him as a comedian instead!

rj

[/ QUOTE ]
Is this antisemetic? I can't tell anymore...

Re: My Accountant: \"But how much did you lose?\"
 

I don't even get the 'But how much did you lose?' question. I don't know what they are trying to find out.

Re: My Accountant: \"But how much did you lose?\"
 

if this is in ny, pm me your accountant when you find a better one?

Re: My Accountant: \"But how much did you lose?\"
 

but he needs to know "how much did you lose" for your tax deduction, right?

Re: My Accountant: \"But how much did you lose?\"
 

LOL

Re: My Accountant: \"But how much did you lose?\"
 

Accountament

Re: My Accountant: \"But how much did you lose?\"
 

Hmmm. I told a female friend of mine I was considering making poker my "job" (part-time), and I told her how much I had made so far. First line of her email.

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holy! have you lost anything in the poker as well?

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So standard.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
[ QUOTE ]
time for a new accountant? hire him as a comedian instead!

rj

[/ QUOTE ]
Is this antisemetic? I can't tell anymore...

[/ QUOTE ]

his accountant a) doesnt know what "profit" means. and b) made a funny joke. imo this makes hima better comedian than an accountant.

rj

Re: My Accountant: \"But how much did you lose?\"
 

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I don't even get the 'But how much did you lose?' question. I don't know what they are trying to find out.

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Best I can tell, this comes from people who gamble recreationally, and how they think.

Like your neighbor lady might play scratch lottery tickets, and get all excited because she got a ticket that won $50. She has $50 that she didn't have before she bought the ticket, so she "won," without taking into account all the losing tickets she bought.

So if you tell someone who thinks like that about winning $500 or whatever at the B&M, the question "but how much did you lose?" doesn't make sense to you, because if you buy in for $600, and cash out for $1,100 that's how you came up with the "I won $500." But to them gambling is slots or lottery or whatever, so the concept is hard for them to grasp.

The accountant should have gotten this though, especially after asking whether the xxxxx was gross or net.

Re: My Accountant: \"But how much did you lose?\"
 

After you laughed out loud, in his face, what did he say?

Re: My Accountant: \"But how much did you lose?\"
 

this question arises cause ansky is filling as a professional gambler. Non-professionals must report all winnings, but cant deduct losses (this is done on a session by session basis), whereas im fairly certain that a professionals return would look something like "total wins-total losses" you cant just say "i made xx,xxx"

i could be wrong, but thats how ive always sent my numbers


pjn

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
So, I saw an accountant yesterday. We were going through records and he asks how much I have made in profit in 2006, I say "xxxxx" whatever, and he replies "ok so is that winnings or profit though?"

me: "oh that's profit..."

him: "right ok. But how much did you lose then?" (quoted verbatim)

It was very embarrassing as I started laughing outloud.. in his face.

[/ QUOTE ]

You sure he wasn't asking "but how much did you lose (wink wink)" by way of offering an opening for you to mention that craps session late night in Casino du Montreal when you went off for like 80K?

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
After you laughed out loud, in his face, what did he say?

[/ QUOTE ]

MONEY MONEY DREIDEL HANNUKAH SCHMUCK CHALLAH DREIDEL

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
but he needs to know "how much did you lose" for your tax deduction, right?

[/ QUOTE ]

that's what i thought...and so i didn't find it as LOLable as everyone else.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
this question arises cause ansky is filling as a professional gambler. Non-professionals must report all winnings, but cant deduct losses (this is done on a session by session basis), whereas im fairly certain that a professionals return would look something like "total wins-total losses" you cant just say "i made xx,xxx"

i could be wrong, but thats how ive always sent my numbers


pjn

[/ QUOTE ]

You're sort of wrong.

Federally, (and in most states), you don't have to file as a professional gambler to deduct your losses (up to the amount of your wins).

But I think you're right about the reason he was asking the question.

My accountant was like "wtf?" when I showed him my poker profits the first year. He said that I needed to report gross winnings and deduct losses. So he basically asked me the same thing.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
this question arises cause ansky is filling as a professional gambler. Non-professionals must report all winnings, but cant deduct losses (this is done on a session by session basis), whereas im fairly certain that a professionals return would look something like "total wins-total losses" you cant just say "i made xx,xxx"

i could be wrong, but thats how ive always sent my numbers


pjn

[/ QUOTE ]

Other way around, amateurs have to report gross wins and losses, while professionals just report net.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
My accountant was like "wtf?" when I showed him my poker profits the first year. He said that I needed to report gross winnings and deduct losses. So he basically asked me the same thing.

[/ QUOTE ]

Yeah but then he should be asking "How much did you win?" first.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
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After you laughed out loud, in his face, what did he say?

[/ QUOTE ]

MONEY MONEY DREIDEL HANNUKAH SCHMUCK CHALLAH DREIDEL

[/ QUOTE ]

i dont even know if yves is actually being racist/antisemitic/sexist/etc. anymore

Re: My Accountant: \"But how much did you lose?\"
 

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Other way around, amateurs have to report gross wins and losses, while professionals just report net.

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what's the difference between an amateur and a professional, as far as taxes are concerned, besides what I just quoted?

Re: My Accountant: \"But how much did you lose?\"
 

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Other way around, amateurs have to report gross wins and losses, while professionals just report net.

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what's the difference between an amateur and a professional, as far as taxes are concerned, besides what I just quoted?

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if you do not have another job or the vast majority of your income is derived from gambling then you are a professional

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
[ QUOTE ]
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Other way around, amateurs have to report gross wins and losses, while professionals just report net.

[/ QUOTE ]

what's the difference between an amateur and a professional, as far as taxes are concerned, besides what I just quoted?

[/ QUOTE ]

if you do not have another job or the vast majority of your income is derived from gambling then you are a professional

[/ QUOTE ]

say you make $75,000/yr running a business mostly from a PDA, but you also make $35,000/yr playing 8/16 live 5 days a week. Are you a professional gambler? My guess is that you could go either way on your taxes. But my question, is what the pros and cons (if any) are either way.

Re: My Accountant: \"But how much did you lose?\"
 

you would be incorrect with that guess.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
[ QUOTE ]
time for a new accountant? hire him as a comedian instead!

rj

[/ QUOTE ]
Is this antisemetic? I can't tell anymore...

[/ QUOTE ]


Actually this guy wasn't Jewish...

<font color="white">
aw hell who am i kidding, of course he was lol. </font>

Re: My Accountant: \"But how much did you lose?\"
 

probally didnt happen but if it did wow hes dumb.

Re: My Accountant: \"But how much did you lose?\"
 

Was he wearing a wool sweater and sneezing?

Re: My Accountant: \"But how much did you lose?\"
 

This is obviously going to sound really stupid but I know why people ask how much did you lose? Sometimes it's seriously a good question to ask because people aren't truthful about their winnings because they don't count losses or double count stuff. Now asking how much did you lose is obviously not the best way of asking but it sometimes is an ok questions. BTW I'm aware this is like the worst post ever in BBV.

Re: My Accountant: \"But how much did you lose?\"
 

You said XXXXX. Accountant asked is that winnings or profit, because he wanted to put in the actual number for winnings and use the losses as deductions. Then you said it is profit, and he how much did you lose because the amount you lost + amount in profit = your total winnings. So just 1 more question and got 2 things figured out.

I don't know why you would find this funny, when you can't even understand basic accounting and tax laws.

Re: My Accountant: \"But how much did you lose?\"
 

[ QUOTE ]
You said XXXXX. Accountant asked is that winnings or profit, because he wanted to put in the actual number for winnings and use the losses as deductions. Then you said it is profit, and he how much did you lose because the amount you lost + amount in profit = your total winnings. So just 1 more question and got 2 things figured out.

I don't know why you would find this funny, when you can't even understand basic accounting and tax laws.

[/ QUOTE ]

ban?