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Search took 0.00 seconds. Search: Posts Made By: plasphemy
Forum: Internet Gambling 08-03-2007, 06:07 PM
Replies: 17
Views: 96
Posted By plasphemy
Re: American Players

No. The IRS is not a law enforcement agency, just a tax enforcement agency.

But, you should list your profession as "Professional Player" anyway. No reason to get more specific.
Forum: Internet Gambling 07-22-2007, 03:44 AM
Replies: 87
Views: 571
Posted By plasphemy
Re: FTP bonus how much did you get?

Didn't get anything...

I like to hear about this though. Full Tilt is trying to bring back players that haven't played in a while... hmm, players that busted out coming back, sounds good to me.
Forum: Internet Gambling 07-17-2007, 05:09 PM
Replies: 33
Views: 217
Posted By plasphemy
Re: Pokerstars has the Aston Martin and Porche, but FTP has....

6,000,000 points is $8100 in lost rackback.

MSRP: $21,200
Even a nit would pay $20,500k by the least bit of negotiating.

so you save $12,400.

Unless you seriously want this particular car,...
Forum: Internet Gambling 07-09-2007, 04:03 PM
Replies: 30
Views: 228
Posted By plasphemy
Re: Full Tilt Ironman Questions...

Support at FTP said they sometimes make exceptions for the 25 days, but I was under the impression that you needed MASSIVE play. Like 50k points
Forum: Internet Gambling 06-02-2007, 12:33 PM
Replies: 1
Views: 31
Posted By plasphemy
Poker Stars 100k FPP earn rate

After reaching supernova and playing in 1/2 NL Full Ring games, how many ACTUAL hands (as opposed to only counting hands where FPP are earned) does it take to take to earn 100k FPPs on average?
...
Forum: Internet Gambling 05-18-2007, 06:38 AM
Replies: 1,984
Views: 12,066
Posted By plasphemy
Re: NL Bots on Full Tilt

I wish this thread would die... I'm getting tired of the random observer coming to the tables and saying "so and so is a bot."

Of course... I think they are humans and I've played hours and hours...
Forum: Business, Finance, and Investing 04-29-2007, 12:37 PM
Replies: 5
Views: 63
Posted By plasphemy
Re: HR 2046 -- time to buy MGM, LVS, HET?

Oops... mod, please move?
Forum: Poker Legislation 04-29-2007, 12:35 PM
Replies: 8
Views: 66
Posted By plasphemy
Re: odds of being audited after you get your refund?

Do your taxes correctly... then you have nothing to worry about even if you do get audited.

But audits can come at any time. I got a letter audit a few years ago because I missed a 1099-misc, it...
Forum: Poker Legislation 04-29-2007, 11:47 AM
Replies: 0
Views: 94
Posted By plasphemy
HR 2046 -- time to buy MGM, LVS, HET?

stocks-ML-10170238-ML-
Forum: Business, Finance, and Investing 04-29-2007, 11:47 AM
Replies: 5
Views: 63
Posted By plasphemy
HR 2046 -- time to buy MGM, LVS, HET?

Any experienced investors out there?

I know Sands has built a business plan for online gambling, but I'm sure these big 3 of gambling will jump into the online market as soon as they can. Now it...
Forum: Internet Bonuses 04-29-2007, 11:23 AM
Replies: 116
Views: 493
Posted By plasphemy
Re: ub points change to contributed only !!

Hmmm.... anyone know if the points are calculated on the client side?

I wonder if going back to the old version would work. I did it once before when they screwed up the hand histories.
Forum: Internet Bonuses 04-29-2007, 11:21 AM
Replies: 116
Views: 493
Posted By plasphemy
Re: ub points change to contributed only !!

So... I have about 12 hours left to do their 25% reload bonus.

Since I can't cashout after that for 48 hours, should I get the bonus?

I'd hate to miss the bonus and then see they decided to...
Forum: Poker Legislation 04-22-2007, 01:40 PM
Replies: 22
Views: 104
Posted By plasphemy
Re: whats your gut feeling about the future of online poker?

I agree that it will be regulated eventually, though it could be as much as 10 years away. Between now and then, there will still be online gambling but only persons willing to jump through the...
Forum: Poker Legislation 04-18-2007, 06:11 PM
Replies: 18
Views: 90
Posted By plasphemy
Re: What is going to change on July 10th?

I'm still optimistic the federal reserve will say... "hey, this isn't possible, sorry."

any chance?
Forum: Poker Legislation 04-12-2007, 10:22 PM
Replies: 92
Views: 371
Posted By plasphemy
Re: For pros / Schedule C filers, are you reporting total or using CO

So really... both ways would be fine as far as the IRS is concerned so long as the end result is accurate?

I spent a lot of time seperating wins/loss in PokerTracker. Netting it all on line 1...
Forum: Poker Legislation 04-12-2007, 09:29 PM
Replies: 92
Views: 371
Posted By plasphemy
Re: For pros / Schedule C filers, are you reporting total or using CO

You are contradicting the book I read...
It definitely separated wins and losses. It seems that you would have to... For example, you get $100k in W-2Gs but with tournament entries, your net is...
Forum: Poker Legislation 04-12-2007, 08:32 PM
Replies: 92
Views: 371
Posted By plasphemy
Re: For pros / Schedule C filers, are you reporting total or using CO

I haven't read a book that tells you to Net your winnings under Gross Receipts, they all say to seperate Win/Loss like you are explaning.

In the book I read, RBS Tax Services "The Tax Guide for...
Forum: Poker Legislation 04-12-2007, 06:50 PM
Replies: 6
Views: 55
Posted By plasphemy
Re: More tax questions

Here is my non-professional opinion:

First, file an extension immediately... don't get a penalty if you can't complete your return by Tuesday.

File professionally:

Try to get a statement...
Forum: Poker Legislation 04-12-2007, 06:32 PM
Replies: 14
Views: 92
Posted By plasphemy
Re: Better to just claim \"other income\", not \"gambling income\", on 104

Line 21 Other Income has a requirement to fill in the type of income or attach a statement.

If you leave it blank, I would assume that would raise your audit risk even more. In fact, they may...
Forum: Poker Legislation 04-11-2007, 08:50 PM
Replies: 5
Views: 50
Posted By plasphemy
Re: Sticky/How-To About Filing Taxes?

RBS Tax Services "The Tax Guide for Gamblers" gave me all the help I needed. Well worth that $40 investment.
Forum: Poker Legislation 04-11-2007, 08:48 PM
Replies: 18
Views: 85
Posted By plasphemy
Re: still waiting for irs decision on 2005 return

IMO...

Estimate your taxes recreationally and send a check in for the amount. Then file for an extension on the return. This avoids penalties for late payment and also allows you time to see...
Forum: Poker Legislation 04-10-2007, 08:48 PM
Replies: 22
Views: 118
Posted By plasphemy
Re: Just another tax scared 2+2 member.....

I've read about a few strange cases but for the average 10k in winnings player, there is unlikely to be any problems especially if you have a normal job and file recreationally.

If the unlikely...
Forum: Poker Legislation 04-05-2007, 01:15 PM
Replies: 15
Views: 84
Posted By plasphemy
Re: Poker related write-offs for non-pros

Well, I read in RBS Tax Services' "The Tax Guide for Gamblers" that a gambler was successful deducting expenses on Schedule A under IRS code Section 212, "Expenses for the Production of Income." ...
Forum: Poker Legislation 04-05-2007, 02:19 AM
Replies: 22
Views: 138
Posted By plasphemy
Re: Good: my response from Congressman Ron Paul

[ QUOTE ]
[ QUOTE ]
Wish I could get a response from my Tennessee Senators and Representatives. Have sent e-mails and letters weekly since passage of the UIGEA and have yet to get my first...
Forum: Poker Legislation 04-05-2007, 01:26 AM
Replies: 13
Views: 308
Posted By plasphemy
Re: <21 years old in US, any chance of being arrested?

The IRS is restricted from passing tax information to other authorities. For example... a prostitute could desbribe her profession as "prostitution" and the IRS could not send that info to a police...
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