Busted by IRS now i owe back taxes on winnings

[westcoastinvader]

Originally Posted by blackthroatedwind

If you have account information that includes your signers, but shows you were a net loser, you should be fine. I guess you may have to pay a penalty but the account info should validate your net position.

My first wife used to have a bit of embarrassment when we visited the accountant for our tax prep and I tossed my signers down to list on the taxes.

Apparently making $$ was good, but making $$ from gambling was something not be made known in "good social circles" or something.

I was always kinda proud of those signers.



(my current wife loves 'em.....she laughs and shares stories with friends about my occasional gambling prowess....)

[blackthroatedwind]

Originally Posted by westcoastinvader

My first wife used to have a bit of embarrassment when we visited the accountant for our tax prep and I tossed my signers down to list on the taxes.

Apparently making $$ was good, but making $$ from gambling was something not be made known in "good social circles" or something.

I was always kinda proud of those signers.



(my current wife loves 'em.....she laughs and shares stories with friends about my occasional gambling prowess....)

One of my ex-girlfriends, who's very cool, spent her summers in the Hamptons ( obviously without me ) and her friends used to give her a hard time about me being a horseplayer and hanging out at the track. She was very happy when they once snidely asked her how I was doing at the track and she got to tell them I hit a Pick-6 for $141K a few days earlier.

They stopped asking her about me.

[westcoastinvader]

Originally Posted by blackthroatedwind

One of my ex-girlfriends, who's very cool, spent her summers in the Hamptons ( obviously without me ) and her friends used to give her a hard time about me being a horseplayer and hanging out at the track. She was very happy when they once snidely asked her how I was doing at the track and she got to tell them I hit a Pick-6 for $141K a few days earlier.

They stopped asking her about me.

Great story!


Especially good with the "spent her summers in the Hamptons" detail!

True story, I was in a bar with some horse players a few days ago and was razzing some guy in his mid-20's when he inquired about a bottle of "chartreuse" that had somehow made it behind the bar in this non-uppity establishment. It was one of those great gambling story and trivia sharing late afternoons, and the totally cool kid let me know that "chartreuse" was a favored drink component of F. Scott Fitzgerald (The Great Gatsby guy). Points to the kid. I was impressed with the off the cuff trivia.

He knew nothing of Nashua and the Woodwards, however.

[asudevil]

Originally Posted by blackthroatedwind

One of my ex-girlfriends, who's very cool, spent her summers in the Hamptons ( obviously without me ) and her friends used to give her a hard time about me being a horseplayer and hanging out at the track. She was very happy when they once snidely asked her how I was doing at the track and she got to tell them I hit a Pick-6 for $141K a few days earlier.

They stopped asking her about me.

Her friends sound like typical Hamptons crunts.

[philcski]

Originally Posted by asudevil

Her friends sound like typical Hamptons crunts.

I hate those types with a passion after working on Wall St for nearly 10 years.

[dean smith]

Boy, this tax stuff is confusing. This is why I make it a point to not cash any big winners all year.

[skippy3481]

I agree i could pick more winners, but why deal with the tax issues

[Suffolk Shippers]

Originally Posted by dean smith

Boy, this tax stuff is confusing. This is why I make it a point to not cash any big winners all year.

How you gonna avoid missing Uncle Sam on that early P4 at Holly two weeks ago

[gales0678]

Originally Posted by blackthroatedwind

One of my ex-girlfriends, who's very cool, spent her summers in the Hamptons ( obviously without me ) and her friends used to give her a hard time about me being a horseplayer and hanging out at the track. She was very happy when they once snidely asked her how I was doing at the track and she got to tell them I hit a Pick-6 for $141K a few days earlier.

They stopped asking her about me.

i'm going to take a stab , was it Lizzie .... Lizzie Grubman?