Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > PL/NL Texas Hold'em > Medium Stakes

View Poll Results: 1
I never lose (EM2 click here) 10 6.41%
<5 11 7.05%
6-10 47 30.13%
11-15 41 26.28%
16-20 26 16.67%
21-25 8 5.13%
26-30 4 2.56%
31-40 4 2.56%
40+ 5 3.21%
Voters: 156. You may not vote on this poll

Reply
 
Thread Tools Display Modes
  #251  
Old 11-19-2007, 06:28 PM
IWEARGOGGLES IWEARGOGGLES is offline
Senior Member
 
Join Date: Mar 2005
Posts: 3,616
Default Re: Best MSNL Coaches

Sweet, thanks guys.

I think this will help me a lot next year if I decide to get coaching.

And, of course, I don't want to have to give the government an extra cent if I don't have to.
Reply With Quote
  #252  
Old 11-19-2007, 06:37 PM
Paul B. Paul B. is offline
Senior Member
 
Join Date: Mar 2005
Location: Thailand soon?
Posts: 5,160
Default Re: Best MSNL Coaches

I'm just reiterating what my CPA (a 2+2er) told me. Wiki says 1099s are used "to report amounts paid to independent contractors," which is exactly what coaches are. Everyone should just be aware that if you list "coaching" as an expense without 1099 forms, it may raise some red flags. It may not, but I heard it's not fun to get audited so I personally try to do everything the right way.
Reply With Quote
  #253  
Old 11-20-2007, 12:08 AM
Praetor Praetor is offline
Senior Member
 
Join Date: May 2006
Posts: 6,248
Default Re: Best MSNL Coaches

lol taxes
Reply With Quote
  #254  
Old 11-20-2007, 02:52 AM
Psydoc Psydoc is offline
Senior Member
 
Join Date: Oct 2005
Location: currently undoomswitched
Posts: 631
Default Re: Best MSNL Coaches

I purchased a couple sessions from people with just meh experiences (this list does NOT include MDMA - actually, they weren't even through 3-bet.net). I've received some coaching from WiltOnTilt, and he is simply awesome. In addition to providing great poker analysis, he's just an all around friendly guy who has a strong and genuine desire to help his students improve.
Reply With Quote
  #255  
Old 11-21-2007, 11:08 PM
scorer scorer is offline
Senior Member
 
Join Date: Jan 2006
Posts: 2,530
Default Re: Best MSNL Coaches

great thread guys, keep feedback coming
Reply With Quote
  #256  
Old 11-22-2007, 12:06 AM
Victor Victor is offline
Senior Member
 
Join Date: Jul 2003
Posts: 11,773
Default Re: Best MSNL Coaches

[ QUOTE ]
[ QUOTE ]
Metetron said he coaches by having the student record a 1 hour vid and he watches and re-records with his own thoughts input into the vid. Love the concept, was wondering if anyone else did this?

[/ QUOTE ]

I got the idea from The_Bryce. He is a limit player though.

[/ QUOTE ]

this is how stox coached me. its def the best if the student is even slightly beyond the basic level.

since i was one of stoxs first students and bryce is affiliated with stox now, i will take full credit for this method.
Reply With Quote
  #257  
Old 11-22-2007, 12:10 AM
mntbikr15 mntbikr15 is offline
Senior Member
 
Join Date: May 2004
Posts: 1,862
Default Re: Best MSNL Coaches

Vic,

You were coached by Stox....

Whats your excuse?

:P
Reply With Quote
  #258  
Old 11-22-2007, 12:14 AM
jalexand42 jalexand42 is offline
Senior Member
 
Join Date: Oct 2005
Location: Open Pushing my range
Posts: 1,139
Default Re: Best MSNL Coaches

[ QUOTE ]
[ QUOTE ]
My CPA told me that I would need to give my coaches a 1099 tax form if I wanted to write my coaching expenses off*. Otherwise I cannot.

*Downside of this is that the coach would have to pay taxes on the coaching fees.

[/ QUOTE ]

coaches have to pay taxes on money earned from coaching, and yes, you can write off any expense related to poker coaching if you are filing as a pro, just like you can write off your cardrunners membership.

also, i'm 95% sure that you're in no way responsible for giving your coach a 1099 form. they handle their own reporting of their coaching and you just note to your accountant your coaching fees as part of your expenses.

[/ QUOTE ]

You technically should give your coach a 1099 if you pay him more than $600 during the calendar year. However, if you don't, it doesn't make it non-deductible.

If you have a CPA prepare your taxes, they will almost certainly ask about 1099'ing your coach when you give the coaching expenses.
Reply With Quote
  #259  
Old 11-22-2007, 12:34 AM
Victor Victor is offline
Senior Member
 
Join Date: Jul 2003
Posts: 11,773
Default Re: Best MSNL Coaches

[ QUOTE ]
Vic,

You were coached by Stox....

Whats your excuse?

:P

[/ QUOTE ]

actually i blame everything on him. he told me to move up. i cant imagine how much money i would have if i just stayed at 1020lhe.
























































jk obv.
Reply With Quote
  #260  
Old 11-22-2007, 01:41 AM
WiltOnTilt WiltOnTilt is offline
Senior Member
 
Join Date: Aug 2004
Location: formerly KowCiller
Posts: 1,443
Default Re: Best MSNL Coaches

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
My CPA told me that I would need to give my coaches a 1099 tax form if I wanted to write my coaching expenses off*. Otherwise I cannot.

*Downside of this is that the coach would have to pay taxes on the coaching fees.

[/ QUOTE ]

coaches have to pay taxes on money earned from coaching, and yes, you can write off any expense related to poker coaching if you are filing as a pro, just like you can write off your cardrunners membership.

also, i'm 95% sure that you're in no way responsible for giving your coach a 1099 form. they handle their own reporting of their coaching and you just note to your accountant your coaching fees as part of your expenses.

[/ QUOTE ]

You technically should give your coach a 1099 if you pay him more than $600 during the calendar year. However, if you don't, it doesn't make it non-deductible.

If you have a CPA prepare your taxes, they will almost certainly ask about 1099'ing your coach when you give the coaching expenses.

[/ QUOTE ]

my cpa didn't seem to think this was a big deal.

also i got the emails from the player to player transfers so that could help.

WoT
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 12:10 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.