Will it pass?

[smuthg]

Originally Posted by Danzig

i thought it was another thread on kidney stones.

now that's funny...

[philcski]

about 4 years too late for me.

I'm battling the IRS on some withholding tickets from 2006-2008 and it's a real pain in my balls.

[docicu3]

Originally Posted by philcski

about 4 years too late for me.

I'm battling the IRS on some withholding tickets from 2006-2008 and it's a real pain in my balls.

That sucks Phil.....I know you keep your tickets. Why are they going hard after this?

[philcski]

Originally Posted by docicu3

That sucks Phil.....I know you keep your tickets. Why are they going hard after this?

Honestly it's partially my fault, a bunch of tickets in the $600-$1000 range on my NYRA account that I hadn't even written down to remember because I hardly consider playing a $2 50 combination pick 3 for $100 and hitting for $650 a 'windfall'... so I failed to report them as gains then written off, but basically it added up to about $10k and they are holding my '08 tax return until i refile for '06 and '07. Thankfully they will work with me to locate all the records I need.

If nothing else it will eliminate needless paperwork like this and the truly unfair methodology which increases your gross income then takes the losses as deductions.

[parsixfarms]

Originally Posted by philcski

If nothing else it will eliminate needless paperwork like this and the truly unfair methodology which increases your gross income then takes the losses as deductions.

Unless I'm reading this wrong, this is not going to change the need for the tracks to issue W2-Gs on what are currently "signers." It is only going to eliminate withholding on "signers" over $5,000.

[dellinger63]

this is a windfall for 'professional signers' if you know what I mean!

[Cannon Shell]

http://www.drf.com/drfNewsArticle.do?NID=103444

[tector]

Originally Posted by docicu3

That sucks Phil.....I know you keep your tickets. Why are they going hard after this?

The IRS has become MUCH more aggressive in collection efforts generally over the past couple of years.