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#371
06-18-2007, 03:10 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
[ QUOTE ]
Also atleast he didnt get 2nd. He only has to pay tax money on 3rd place money despite getting more then that where as if he got 2nd he still doesnt get a bracelet and has to pay more tax money [/ QUOTE ] ???? You can report whatever taxes you please when you file taxes, the stuff you get from casinos doesnt really matter to the professional gambler. They are just pieces of paper that for that day say you grossed a certain amount in tourney winnings. backing also comes into play on that. great job justin! 
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#372
06-18-2007, 04:35 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
the financial stuff gets really weird, hope you talk to a good tax attorney Justin. Also, 200k in a high yield money market nets you 1k/mo. interest while still having full access to your money with no withdrawal penalty. Just an FYI. Congrats again!
oh yeah, one more thing: still gonna buy that Prius? [img]/images/graemlins/grin.gif[/img]
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#374
06-18-2007, 05:44 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
[ QUOTE ]
Also atleast he didnt get 2nd. He only has to pay tax money on 3rd place money despite getting more then that where as if he got 2nd he still doesnt get a bracelet and has to pay more tax money [/ QUOTE ] Umm, this is certainly not true.
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#375
06-18-2007, 05:48 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
[ QUOTE ]
[ QUOTE ] Also atleast he didnt get 2nd. He only has to pay tax money on 3rd place money despite getting more then that where as if he got 2nd he still doesnt get a bracelet and has to pay more tax money [/ QUOTE ] Umm, this is certainly not true. [/ QUOTE ] No, it's not.
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#377
06-18-2007, 06:22 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
[ QUOTE ]
[ QUOTE ] Also atleast he didnt get 2nd. He only has to pay tax money on 3rd place money despite getting more then that where as if he got 2nd he still doesnt get a bracelet and has to pay more tax money [/ QUOTE ] Umm, this is certainly not true. [/ QUOTE ] QFT. I would really like to hear the chop/taxes details. I believe that there are forms that can be filed to amend the W2-G's to the proper (chop) amounts. This is done in backing situations commonly, or so the urban legend has it. Some of you rockstar 20-somethings with FT experience for 6 figures should be able to chime in here.
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#378
06-18-2007, 07:19 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
congratz justin! well done sir!
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#379
06-18-2007, 07:27 PM
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Re: **OFFICIAL SWEAT YOUR MOD WSOP 2K NLHE\"
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Also atleast he didnt get 2nd. He only has to pay tax money on 3rd place money despite getting more then that where as if he got 2nd he still doesnt get a bracelet and has to pay more tax money [/ QUOTE ] Umm, this is certainly not true. [/ QUOTE ] QFT. I would really like to hear the chop/taxes details. I believe that there are forms that can be filed to amend the W2-G's to the proper (chop) amounts. This is done in backing situations commonly, or so the urban legend has it. Some of you rockstar 20-somethings with FT experience for 6 figures should be able to chime in here. [/ QUOTE ] I was about to ask the same question...re: taxes. I mean, Jurollo obviously should pay based on the $405K, because it's out there, but how about the guy who finished first and wants to pay based on 405k and not ~$560k?
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