Forum: Student Life
03-27-2007, 11:51 PM
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Replies: 4
Views: 41
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Forum: Student Life
03-27-2007, 11:49 PM
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Replies: 7
Views: 182
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Forum: News, Views, and Gossip
03-23-2007, 01:08 AM
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Replies: 14
Views: 71
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Forum: Student Life
03-19-2007, 12:13 AM
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Replies: 57
Views: 204
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Forum: Other Other Topics
03-18-2007, 02:23 AM
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Replies: 13
Views: 82
Re: College Resume?
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I hear it looks good if you know how to use Google. Unfortunately, that doesn't seem to be the case for you.
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Yeah, of course I can use google, which I did OBV,...
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Forum: Business, Finance, and Investing
01-26-2007, 11:16 PM
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Replies: 7
Views: 59
Re: Ways of reporting poker winnings
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I didn't make that much money in 2006 because I was in school for most of the year but my net poker winnings where more than what's on my W-2
Poker: $8300 ($33,500 winnings - $25,200...
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Forum: Other Other Topics
01-25-2007, 10:30 PM
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Replies: 59
Views: 181
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Forum: News, Views, and Gossip
01-20-2007, 01:38 PM
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Replies: 101
Views: 345
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Forum: News, Views, and Gossip
12-22-2006, 12:38 PM
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Replies: 65
Views: 269
Re: More Leyser-Gold drama
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if this is true, then it is harrah's fault and really doesn't matter
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Well, sorta. It is Harrah's fault, but when even more dealers walk out...
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Forum: News, Views, and Gossip
12-22-2006, 02:33 AM
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Replies: 9
Views: 52
Re: Are all poker players hustlers?
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seeking, creating, and exploiting + EV situations = Hustling
Hustling = seeking, creating, and exploiting + EV situations
seeking, creating, and exploiting + EV situations = Hustling...
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Forum: News, Views, and Gossip
11-06-2006, 01:56 AM
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Replies: 24
Views: 69
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Forum: Student Life
11-02-2006, 11:50 PM
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Replies: 9
Views: 53
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Forum: Other Other Topics
10-07-2006, 12:35 AM
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Replies: 32
Views: 115
Re: Paying off my parents mortgage?
Currently the estate tax exemption is $2m and is increasing. I would recommend you gift $12,000 (the amount went up) before 12/31 and again soon after. The remaining balance can be paid off in 2008....
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Forum: Televised Poker
10-01-2006, 08:16 PM
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Replies: 57
Views: 194
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Forum: Other Other Topics
09-20-2006, 01:14 AM
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Replies: 10
Views: 56
Re: ARGH help - Tax Accounting Problem + NSFW
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One question: If having cash flow is so important to a business, what reason is there NOT to expense up to the maximum under section 179?
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You NEARLY ALWAYS take S179....
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Forum: Other Other Topics
09-20-2006, 12:32 AM
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Replies: 10
Views: 56
Re: ARGH help - Tax Accounting Problem + NSFW
Do you have more info (it seems simple given the info you gave). Look at your MACRS (I think the computer is 5 year property and the furniture is seven year property) and depreciate accordingly. ...
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Forum: Televised Poker
09-15-2006, 09:24 PM
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Replies: 32
Views: 272
Re: Prahlad, awesome poker - or dumb ego?
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The answer to this is probably "yes".
Again, if you've ever sweated him online, so much of what we saw is like way standard for him.
I would say it's less of an angle...
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Forum: News, Views, and Gossip
09-02-2006, 02:42 PM
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Replies: 67
Views: 241
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Forum: Tournament Circuit/WSOP
08-28-2006, 01:09 AM
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Replies: 26
Views: 104
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Forum: News, Views, and Gossip
08-26-2006, 01:21 PM
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Replies: 121
Views: 492
Re: Jamie Gold Responds to $12 M WSOP Lawsuit
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Nice post Nick, I hadn't really thought of it this way.
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Nothing personal, but did you, or anyone else for that matter, read beyond the headline. I thought this was made...
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Forum: News, Views, and Gossip
08-26-2006, 01:18 PM
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Replies: 121
Views: 492
Re: Jamie Gold Responds to $12 M WSOP Lawsuit
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I cannot imagine how this is anything other than a very simple tax situation.
Gold files his 1040 with a Schedule C claiming the entire 12M minus various customary deductions of his...
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Forum: Brick and Mortar
08-25-2006, 09:22 PM
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Replies: 28
Views: 129
Re: You make the call
I'd say seat 7 should be happy. This is usually an indication of a strong hand a lower limit games. He now has additional information to make his decision on.
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Forum: News, Views, and Gossip
08-25-2006, 09:15 PM
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Replies: 121
Views: 492
Re: Jamie Gold Responds to $12 M WSOP Lawsuit
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Also, I am still unclear as to why Jamie Gold ever promised half of his winnings in the first place.
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Despite his bluster, do you really think he imagined...
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Forum: News, Views, and Gossip
08-25-2006, 08:25 PM
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Replies: 121
Views: 492
Re: Jamie Gold Responds to $12 M WSOP Lawsuit
My understanding is that Gold was waiting to cash in so that he could set everything up to claim prize money in the most tax-efficient manner then Leyser became impatient (not that I would be patient...
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Forum: News, Views, and Gossip
08-16-2006, 09:59 AM
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Replies: 7
Views: 95
Re: Possible changes at WSOP 2007?
There is no point in increasing the rake to pay the dealers so they will be happy. They could end up with 10% of the prize poll through the rake and they would still complain about not getting tips.
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