official 2006 tax brags and beats

[realjaydub]

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No Taxes? O rly?

What ya think?

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I think anyone who believe that [censored] should be deported.

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You work for the IRS?

[Daliman]

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In the US, you can itemized your gambling losses up to your winnings.

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you sure about this? that's alot of HU SNGs i get to deduct (since i lose 40% of them, or 80% if it's on a weekend).

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lol, that is correct. Deduct your HU SNGs.

I'm deducting the 1K I dropped at the craps table in Vegas 2 months ago.

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If you are serious, I am nearly positive that you can't write off craps losses under the "gambling" umbrella, unless you can show you are a professional craps player(.....). You can write off ANY gambling losses only versus wins if you are not filing as a professional gambler, however I am also pretty sure that if you made decent $$$ playing poker last year, the tax rate would be MUCH better as earnings than as winnings. Otherwise, if you file as a professional gambler, anything you claim as expenses to income(Poker tourney entries, for example) as opposed to "losses" versus "winnings"(craps $$$) you may need to show how you are able to earn income. You won't be able to do that with craps, or most any other casino game other than Video poker, Blackjack, Poker, & Sports Betting,( I get the feeling I am leaving one out....).

[ddubois]

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brag: party poker
brag: full use of neteller
brag: Ireland -> no taxes

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Should I move?

[dollerAday]

If your a U.S citizen and you move you still have to pay taxes to the US right?

[Superfluous Man]

gonna try to get to the post office to ship $33k.

This is going well with my current 3-day $30k downswing.

On pace to go busto by May. Stay tuned.

[Lurker.]

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brag: party poker
brag: full use of neteller
brag: Ireland -> no taxes

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Should I move?

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even if you do, i don't think you quite avoid the irs for whatever reason. i remember zeebo talking about this a while back. Anyone know more about moving from the U.S to Canada to avoid gambling taxes?

[shaundeeb]

thank you black jack for stealing most of my profits.

[DJ Sensei]

brag: CPA says i owe lots less than i expected
brag: been robusto lately, so paying isnt even an issue
beat: probably gonna get audited/screwed because i'm a professional gambler, and my records are shoddy at best.

[frozzor]

quick question for everyone saying they owe a lot less than expected: what made you think you owed more and what changed this?

Thx for replies

[MattSuspect]

Beat: I have no proof I lost 5k at a random puerto rican casino.