How bad did the IRS Stick it to you this year
 

Simple enough, what was your 2006 Tax burden (include state taxes if applicable) but not your 2007 1st quarterly

Re: How bad did the IRS Stick it to you this year
 

Write in for the UK chaps.

Re: How bad did the IRS Stick it to you this year
 

is it possible to shortstack taxes?

Re: How bad did the IRS Stick it to you this year
 

>100

Re: How bad did the IRS Stick it to you this year
 

1 dollar

Re: How bad did the IRS Stick it to you this year
 

0

Re: How bad did the IRS Stick it to you this year
 

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is it possible to shortstack taxes?

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lol we didnt see this one coming

Re: How bad did the IRS Stick it to you this year
 

my CPA got me down to 13k or so somehow, but i think he might have cheated/screwed up. not that i'm complaining.

Re: How bad did the IRS Stick it to you this year
 

11k

Re: How bad did the IRS Stick it to you this year
 

>100k

DJ: lol wtf 13k you gotta be kidding

Re: How bad did the IRS Stick it to you this year
 

$000000000000000000000000000000000000

and 0 cents

Re: How bad did the IRS Stick it to you this year
 

Germany

Re: How bad did the IRS Stick it to you this year
 

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my CPA got me down to 13k or so somehow, but i think he might have cheated/screwed up. not that i'm complaining.

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are you [censored] me? were you filing as professional? what was your net?

they got $40k from me

Re: How bad did the IRS Stick it to you this year
 

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>100

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WHERE DO YOU KEEP FING GETTING SCRILLA?

Re: How bad did the IRS Stick it to you this year
 

36k, not including canuck tax...that is just from poker because my working income is taxed in Canada

Re: How bad did the IRS Stick it to you this year
 

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>100k

DJ: lol wtf 13k you gotta be kidding

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yea, i dont know whats up with that. i think i was able to argue my gross was like 75k, and then write off some other money that i "lost" while playing live. so it goes, as long as they dont come after me and start beef i'm all for it!

Re: How bad did the IRS Stick it to you this year
 

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>100k

DJ: lol wtf 13k you gotta be kidding

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yea, i dont know whats up with that. i think i was able to argue my gross was like 75k, and then write off some other money that i "lost" while playing live. so it goes, as long as they dont come after me and start beef i'm all for it!

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dude the government knows you're a drug lord with major trinidad and tobago connections - that's how they got al capone, with taxes.

anyway you f'd up on your pole - 25k for me

Re: How bad did the IRS Stick it to you this year
 

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>100

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WHERE DO YOU KEEP FING GETTING SCRILLA?

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countin these rocks

Re: How bad did the IRS Stick it to you this year
 

with 560 buyins for the limit i'm currently at. good thing i played pretty high in 2006.

notice i said BUYINS and not big blinds..... yea, i said what i meant....

Re: How bad did the IRS Stick it to you this year
 

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with 560 buyins for the limit i'm currently at. good thing i played pretty high in 2006.

notice i said BUYINS and not big blinds..... yea, i said what i meant....

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you should probably move up.

Re: How bad did the IRS Stick it to you this year
 

Nada.

"God save our gracious Queen.....etc"

Re: How bad did the IRS Stick it to you this year
 

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>100k

DJ: lol wtf 13k you gotta be kidding

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yea, i dont know whats up with that. i think i was able to argue my gross was like 75k, and then write off some other money that i "lost" while playing live. so it goes, as long as they dont come after me and start beef i'm all for it!

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dj, better write some artichoke joe trip reports where you go absolutely housed.

Re: How bad did the IRS Stick it to you this year
 

I do have the makings of one where I lose like 8.6k (the remainder of my live roll). But i wasn't too happy about it, as it came a day after my biggest losing day ever online, so I never wrote it up. I played like a champion that day though!

Plus live play... nah i'm not gonna worry about the taxes on that, its straight CASSSSHHHHHH

Re: How bad did the IRS Stick it to you this year
 

a lot more than my bankroll

Re: How bad did the IRS Stick it to you this year
 

Was going to be >100k but putting 40k into sep ira knocked it down.

Re: How bad did the IRS Stick it to you this year
 

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>100

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WHERE DO YOU KEEP FING GETTING SCRILLA?

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countin these rocks

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exciting developments update?

Re: How bad did the IRS Stick it to you this year
 

Re: How bad did the IRS Stick it to you this year
 

lol americaments,

In Australia wins from gambling are Tax Freeeeeeee!

Not that I win...but if I did.

Re: How bad did the IRS Stick it to you this year
 

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36k, not including canuck tax...that is just from poker because my working income is taxed in Canada

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please explain this, you're canadian so i thought you only had to tax it if it was your main source of income? and i thought your roll was only 30k, so you obviously got your ass kicked by taxes?

Re: How bad did the IRS Stick it to you this year
 

I'm a dual citizen (it's complicated).

US poker winnings last year get taxed in the states.
US donations/IRA get deducted in the States.
CDN income gets reported and deducted in the states.

CDN income gets taxed in Canada.
CDN donations/RRSP/metro passes/etc gets deducted in Canada.

As for my roll, I have a pretty serious nest egg in investments/the bank that I don't include in my poker roll (I stored away like 90%+ of my poker income last year because I was working and self-sufficient and only playing poker part-time). I only cashed out 3-4k from my roll to pay for my taxes and I still have tons saved up in my investments/cd/savings accounts. I plan on using the majority of it to go back to school/buy a house though, so I don't count my savings/investments in my roll.

Currently I work full-time and save 20% of my working income so 100% of my poker winnings are going into savings.

Part-time poker/being a nit ftw.

Re: How bad did the IRS Stick it to you this year
 

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Plus live play... nah i'm not gonna worry about the taxes on that, its straight CASSSSHHHHHH

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might not want to broadcast that

Re: How bad did the IRS Stick it to you this year
 

I'm not quite sure I understand, but it sounds like you are being taxed in an awful lot of countries.

Re: How bad did the IRS Stick it to you this year
 

>100k...none of it poker related

Re: How bad did the IRS Stick it to you this year
 

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>100k...none of it poker related

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details?

Re: How bad did the IRS Stick it to you this year
 

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Plus live play... nah i'm not gonna worry about the taxes on that, its straight CASSSSHHHHHH

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might not want to broadcast that

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edit: though i dont condone, nor partake in any of the above actions.

Re: How bad did the IRS Stick it to you this year
 

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lol americaments,

In Australia wins from gambling are Tax Freeeeeeee!

Not that I win...but if I did.

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wait wait wait...does this mean that if I am an australian citizen I don't have to pay any taxes on money made playing poker?

really?

holy [censored] I'm moving to australia.

Re: How bad did the IRS Stick it to you this year
 

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Plus live play... nah i'm not gonna worry about the taxes on that, its straight CASSSSHHHHHH

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might not want to broadcast that

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obviously i'm joking, i love america and george bush and all the great things that he will do with the money once he takes it from me.

Re: How bad did the IRS Stick it to you this year
 

Finland, so $0

Re: How bad did the IRS Stick it to you this year
 

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lol americaments,

In Australia wins from gambling are Tax Freeeeeeee!

Not that I win...but if I did.

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I think you have to pay if you are a poker pro. There hasn't been a poker case yet though.

Re: How bad did the IRS Stick it to you this year
 

I'm a missouri resident, but I worked in Connecticut all summer. Feds are giving back 1500, I owe Missouri 95, and CT is giving me back ~300 (they just dont know it yet)