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  #1  
Old 08-05-2006, 03:33 PM
2ndGoat 2ndGoat is offline
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Default IRS audited my 2004 return- conclusion

Hi folks.

I posted three and a half months ago about the IRS proposing to change my 2004 poker income from "other income" to schedule C, thus forcing me to pay the self-employement tax. Here is a link to the original thread, including my respose to the IRS:

http://forumserver.twoplustwo.com/showfl...rue#Post5434190

Well roughly 2 months after sending a response, I finally got word back- they are "pleased to inform me" that they will not be making an adjustment to my return. No further records necessary; they just accepted my explanation of why I was not a pro.

Happy day.

2nd
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  #2  
Old 08-05-2006, 04:56 PM
Zele Zele is offline
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Default Re: IRS audited my 2004 return- conclusion

Congrats, and thanks for the update. [img]/images/graemlins/smile.gif[/img]
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  #3  
Old 08-05-2006, 04:57 PM
pokerraja pokerraja is offline
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Default Re: IRS audited my 2004 return- conclusion

thanks for the update
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  #4  
Old 08-05-2006, 06:39 PM
LadyWrestler LadyWrestler is offline
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Default Re: IRS audited my 2004 return- conclusion

Thanks. NH. [img]/images/graemlins/wink.gif[/img]
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  #5  
Old 08-05-2006, 07:21 PM
duck_butter duck_butter is offline
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Default Re: IRS audited my 2004 return- conclusion

Goat, you're the S H I T.

- dB
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  #6  
Old 08-06-2006, 01:25 AM
funpokerguy funpokerguy is offline
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Default Re: IRS audited my 2004 return- conclusion

Congradulations!What was your reasoning for not being a pro?
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  #7  
Old 08-06-2006, 03:00 AM
Pog0 Pog0 is offline
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Default Re: IRS audited my 2004 return- conclusion

[ QUOTE ]
Congradulations!What was your reasoning for not being a pro?

[/ QUOTE ]

In the link in the OP, a few responses down, he shows what he wrote to the IRS.

Summary (i may be missing something) was that he played on average 9 hours a week and went several weeks without playing. His claim was that this is indicitive of it being a hobby, not a profession.
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