Arcimede$ IRS Transcripts

[Alan Mendelson]

I went to the office of Axis Media today and received the envelopes. I was surprised to find there were eleven (11) and not ten (10) as I was originally told. I still haven't opened all eleven -- I just opened one more. So two are open and 9 are still sealed. I do not know the contents of those 9 sealed letters from the IRS.

The two I did open contained transcripts of Arc's joint tax returns with his late wife. I will not reveal anything about the contents of those transcripts until I discuss what Arc will allow me to release. I also will not discuss what I saw on the first two transcripts.

I am also locking this thread until I can post more information -- and once all of the basic info is on this thread I will open the thread to discussion.

A cursory examination of the transcripts shows me that there is no clear line item that specifically says "gambling" wins or losses. However, on the IRS Form 1040 it says on Line 21 for Other Income to list the "type and amount" and on my own 1040 which I prepare using TurboTax it clearly says "Gambling Winnings."

So, if we accept the transcripts instead of an actual 1040 we will have to trust that Line 21 Other Income is indeed for "gambling winnings."

There are other things that can be listed on Line 21 Other Income and you can check IRS.gov to see all of the things that can also go on this line.

I am going to be adding photos of the envelopes to show that they are authentic IRS envelopes. The photos show that they were indeed addressed to the office at Axis and these photos were taken when only one envelope had been opened and the backs of the envelopes are shown as well as all of the original envelopes are shown from the front.

[Alan Mendelson]

I have now opened all eleven (11) envelopes. Only four (4) contained transcripts. The other seven (7) contained a letter from the IRS saying older transcripts are not available.

The four transcripts are for the tax years 2011, 2012, 2013 and 2014.

I took a closer look at the transcript and the line for miscellaneous deductions actually is broken down to non-gambling deductions (losses) and gambling deductions (losses) and from this we can see what losses are claimed.

I am not going to reveal the amounts for these four tax years until I speak with Arc over the phone. What I want to present is:

a. each year's reported gross win
b. each year's reported deduction for gambling losses

Really, that's all we're interested in. And frankly, that's all we are interested in regarding Rob's taxes as well because we are not questioning "gambling expenses" which would be included in a Schedule C. What we are interested in is gross winnings and net winnings after losses.

I await my phone conversation with Arc.

[Alan Mendelson]

Arc has cleared me to post the results from the four years of transcripts:

2011
won 24,045
loss 22,230

2012
won 4,000
loss 2,220

2013
won 4,000
loss 3,003

2014
won 26,000
loss 26,000
no win on the year

I am now going to open the thread to discussion. Arc said he would respond on the thread to any questions about his results.

[james40]

Seems like fairly reasonable results for a recreational player.

[quahaug]

Now that Rob has pretty much been busted (probably for the last time) it looks like his scheme (not scam Alan) was to "teach people for free but use my card angle" after all. It's a lot of effort but I'll bet the payoff was very good.

[Alan Mendelson]

My thought about Arc's transcripts were simply this: if he played so much why didn't he have bigger numbers -- both wins and losses -- reported? Perhaps Rob was wrong about the amount of time Arc actually played in casinos. Perhaps Arc was home or doing other productive things? Perhaps Rob accused him of doing stuff he wasn't doing?

You can fake deductions and you can fake losses, but you can't fake W2Gs. So anyone could claim that they had "deductions" to offset wins, but how do you fake the wins that you must report?

[slobdinger]

Rob has always called arci an addicted gambler. But from the numbers it looks like arci was spending far less time in the casinos than Rob was.

[Alan Mendelson]

Rob has always called arci an addicted gambler. But from the numbers it looks like arci was spending far less time in the casinos than Rob was.

Exactly. Arc couldn't hide the W2Gs that an active gambler would win -- and they aren't there. And his wins aren't all offset with losses so the losses aren't there either.

Now if Rob is offsetting net wins of $100,000 with lots of deductions for business we know that he is spending a lot more time in casinos even if he is playing big denominations.

[james40]

Maybe most of the play is below the radar, 25 cent VP, with a few bigger denomination hits sprinkled in.

[Rob.Singer]

Now that Rob has pretty much been busted (probably for the last time) it looks like his scheme (not scam Alan) was to "teach people for free but use my card angle" after all. It's a lot of effort but I'll bet the payoff was very good.

What tells you that I've ever used my card on anyone else's play? And who would allow something like that anyway?

[Alan Mendelson]

Maybe most of the play is below the radar, 25 cent VP, with a few bigger denomination hits sprinkled in.

Could be but that would reinforce that he was a recreational player in the three out of four years when wins were greater than losses.

[Rob.Singer]

While the theorizing and guessing goes on, I'll give you the truth here, and it is very obvious.

I've already said multiple times I've already seen his tax returns from '05 & '06. The numbers were just as pitiful then as they are on these. He's always been a low denomination player, and I've watched him play nickels with his poor ill wife at Tuscany. There's nothing inherently wrong with that other than the fact that he's always been lying about playing 50c & dollars for years on all the forums. (arci, remember that new Terrain you claimed to have bought with "this year's winnings" 4 years back? )

But you'll also notice a giant uptick in 2014's reported win/loss. Much of that occurred once he got his hands on "Deb's" life insurance, and you'll see much higher numbers for 2015. It'll tail off soon enough though when the well runs dry. And since the wife's pension & social security also went poof, look for your favorite pathological liar to move out of his small duplex and into subsidized living.

Next, is it not just like a neurotic nerd to claim a win, when it's obviously all from slot club benefits, which I've never used in publishing what I've won?

And again, Alan is assuming line 21 is 100% gross gambling income. How can anybody know for sure w/o seeing what was written in on the 1040? Let's have a good answer on that.

Finally, MY amount of time playing vs. his? I played once a week for 9+ years. The avg. amount of time spent in a casino was maybe 3-4 hours/week. Certainly we can't tell how much time arci spent/still spends inside casinos, except if you're dumb like mickey you'll say it's very little based on those lame numbers. But if you realize that he plays 5c a lot and maybe even pennies (although I've only ever seen him & the missus play 5c & 25c and there had to be some 10c play in between) then he's logged much more play time that a fool like mickey would guess.

All in all, any professional review of these numbers while having previous knowledge of all the bravado (aka, lies) boasted about by this individual, would certainly cause one to feel sorry for arci. I almost feel ashamed for him myself, in what is no doubt one of his lowest points ever. I'm actually holding back tears right now.

[arcimede$]

A couple of things to keep in mind. Remember that comment I made about my royals? I had only 2 in over 500K hands. That is why the w2g count is low. You can see the two royals were the only w2gs. I played strictly at the 5x$1 level in 2011, 12 and 13. In May 2013 they took out the positive machines I was playing at my nearest casino. I then quit playing until my wife passed away. I started playing again in Oct. of 2014 at another casino much further away (with the same positive game) which I could now take the time to visit.

As I mentioned last January my win/loss for 2014 came down to my last trip. If I would have counted my play on January 1st I would have had a winning year. However, that is not the way the IRS regs work so I ended up with a small loss in 2014 ($467) and had to add the Jan 1st winnings to my 2015 results which has turned out to be my best year ever. I've now had 21 royals in my last 550K hands. Talk about variance!

I also had generally bigger wins from 2004-2010 because I spent a lot of time in Vegas with higher payback games. I suspect those results will never be shown as Singer will never agree to show his tax forms.

[redietz]

Modest wins are infinitely better than immodest losses.

Arci's wins and losses are modest, suggestive of very little time in the casinos unless, as Rob suggests, he was playing nickels. There's nothing wrong with playing nickels, by the way, just as there's nothing wrong with Rob announcing the small amounts he bets on football games on this forum.

[Alan Mendelson]

Rob I trust his Line 21 total on the transcripts because there are no other entries on other lines which would indicate that Line 21 reflected other income sources. In other words -- there are no other offsetting losses. That's all I'm going to say about it. I've seen the docs and you haven't.

I wouldn't criticize a nickel player either. If that's his comfort level good for him.

[james40]

Absolutely, nothing wrong with the numbers. Looks like he was a guy that likes to play VP on occasion, and kept it between the lines.

[arcimede$]

While the theorizing and guessing goes on, I'll give you the truth here, and it is very obvious.

Prepare yourself for lots of lies.

I've already said multiple times I've already seen his tax returns from '05 & '06. The numbers were just as pitiful then as they are on these. He's always been a low denomination player, and I've watched him play nickels with his poor ill wife at Tuscany. There's nothing inherently wrong with that other than the fact that he's always been lying about playing 50c & dollars for years on all the forums. (arci, remember that new Terrain you claimed to have bought with "this year's winnings" 4 years back? )

Now that he claims to have seen my returns he should be able to provide numbers just as Alan did above. How about it, Robbie?

Since I never played any nickels in Vegas we can chalk up that as the first lie. I also suspect his claim about seeing my tax returns is a lie. If he doesn't immediately specify my results you can chalk that up as another lie.

Oh yeah, I traded in the 2011 Terrain I bought in 2010 for a new one back in February. Yes, both were bought using casino winnings. You can see my 2010 winning when you agree to show us your tax forms.

But you'll also notice a giant uptick in 2014's reported win/loss. Much of that occurred once he got his hands on "Deb's" life insurance, and you'll see much higher numbers for 2015. It'll tail off soon enough though when the well runs dry. And since the wife's pension & social security also went poof, look for your favorite pathological liar to move out of his small duplex and into subsidized living.

Never had any life insurance on my wife so chalk up another lie. The uptick in winnings was a result of the 4 RFs (3 at the 5x$1 denomination and 1 at 10x$1) along with a couple of $2000 wins. Also keep in mind I only played for 3 months.

Oh yeah, my 3100 square foot "duplex" on the 6th hole of the local country club is completely paid for. Not going to be moving any time soon.

Next, is it not just like a neurotic nerd to claim a win, when it's obviously all from slot club benefits, which I've never used in publishing what I've won?

I only report cash wins/losses.

And again, Alan is assuming line 21 is 100% gross gambling income. How can anybody know for sure w/o seeing what was written in on the 1040? Let's have a good answer on that.

Have you ever looked at what else might show up on line 21? Probably not. You've never had to use that line. Let me help you out. They are very unusual items.

Finally, MY amount of time playing vs. his? I played once a week for 9+ years. The avg. amount of time spent in a casino was maybe 3-4 hours/week. Certainly we can't tell how much time arci spent/still spends inside casinos, except if you're dumb like mickey you'll say it's very little based on those lame numbers. But if you realize that he plays 5c a lot and maybe even pennies (although I've only ever seen him & the missus play 5c & 25c and there had to be some 10c play in between) then he's logged much more play time that a fool like mickey would guess.

I've actually been pretty clear about the amount of play. I used to play nickels last century before I spent any time learning how to play. Since I retired from my full time employ in 1998 I haven't played any nickel machines that I can remember. I played quarter until around 2003 and then moved up to 50 cent. I played various denominations in Vegas including lots of multi-play before going to straight dollars in 2009.

All in all, any professional review of these numbers while having previous knowledge of all the bravado (aka, lies) boasted about by this individual, would certainly cause one to feel sorry for arci. I almost feel ashamed for him myself, in what is no doubt one of his lowest points ever. I'm actually holding back tears right now.

The entire reason for me to post my numbers was that Singer stated he would provide his if I did. Well, I did. I have also offered to provided 2008-2010 which simply shows more wins. Will Singer show us any of his returns? Nope, not a chance.

[Rob.Singer]

Rob I trust his Line 21 total on the transcripts because there are no other entries on other lines which would indicate that Line 21 reflected other income sources. In other words -- there are no other offsetting losses. That's all I'm going to say about it. I've seen the docs and you haven't.

I wouldn't criticize a nickel player either. If that's his comfort level good for him.

Haven't criticized him at all for the low level play. Read my post.

It's not life-changing info, that's for sure. And all you're doing is guessing when it comes to line 21. Nobody knows what's exactly what, and something like that immediately defeats the purpose of this exercize, which in arci's case was to determine, based on the numbers reported (via strict math, if you will) if he won more than he lost. You may want to believe line 21 is all gambling income, and I may want to believe it is not. So we're back to square one.

Aside from the fact that these numbers are exceedingly low for such a big talker and are therefore basically valueless overall, line 21's ambiguity does no one any favors.

[Alan Mendelson]

I am not concerned about Line 21 at all Rob. I am concerned how you saw Arc's tax returns? Did Arc provide them to you? Otherwise, there might be a felony here.

[Rob.Singer]

Arci, one final time. Your job here, based on your challenge, is not and has never been to provide transcripts, where you can claim line 21 is "this" because nobody ever claims "that". Your job was to provide tax returns for the same years that correspond to my "Schedule C" years, which right now looks only like 2008 because of availability. And you were to get it to Alan before I sent in my request, specifically because what you did the last time around. I am still holding myself and yourself to do what was said. I'll do nothing else. I know you'll whine and lie about me never sending in anything since you lied about it last time. I accept how you react. However, this is the way it is and this is the way it has got to be if you're interested in resolving anything. I personally believe you're much more comfortable being able to lie. Whichever it is, so be it.

I noticed several lies in your jittery response to my review. I'll leave it at that though. You've suffered enuf here already.