Arcimede$ IRS Transcripts

[Rob.Singer]

Rob I won't retire because of all the beautiful babes who tell me that I'm the last face they see at night or the first face they see in the morning.

Dancer believes his "legendary relationships" and how/why they've ended have nothing to do with his craving for gambling action also. Come to think of it, so doesn't arci....and look at what mickey missed out on....

You're in good company. Way to go guys.

[slobdinger]

Dancer believes his "legendary relationships" and how/why they've ended have nothing to do with his craving for gambling action also. Come to think of it, so doesn't arci....and look at what mickey missed out on....

You're in good company. Way to go guys.

This comes from a guy who visited casinos more than 50 times a year for a decade and a half.

[redietz]

Dancer believes his "legendary relationships" and how/why they've ended have nothing to do with his craving for gambling action also. Come to think of it, so doesn't arci....and look at what mickey missed out on....

You're in good company. Way to go guys.

Rob, if you think you're trying to do good and help people, shouldn't this kind of thing be posted on Gamblers' Anonymous sites?

[Rob.Singer]

I have a question. What does the length of time earning in a year have to do with paying taxes on the earnings? Is there a break if you claim seasonal employment or something? I'm trying to fathom Rob's 1/3 year comments. I didn't know the length of time earning something in a year had any real effect on taxes. If you teach for one term or one semester and take the rest of the year off, can you get some kind of break? As a sports writer covering one sport, say college football, can you claim seasonality or something and file differently?

Rob has me confused on this. What is the significance of 1/3 year as opposed to 2/3 or a full year?

If it'll help red--and it might but only if it gets by your over-fueled agenda which is filled with lots of swings & misses--no taxpayer is required to file a C for any portion of a year if it's more advantageous to do otherwise. My wife had significant income, we had capital gains to report, and there was income from other sources that in total, had we added in my gambling profits, would have been more of a tax liability than if we didn't combine it all with a partial year of my business.

Took a number of passes to get there, but pretty simple in the end.

I'm working on finding one of my earlier GT articles where I stated my professional gambling career would immediately terminate at +$1million, or the day I reached 60. I'll post it just for you. Yup....just for you.

[Rob.Singer]

Rob, if you think you're trying to do good and help people, shouldn't this kind of thing be posted on Gamblers' Anonymous sites?

Nope, not trying to help people who've already made their own sad choices in life. In fact, I see these as something to laugh at. Pure entertainment. Pure satisfaction really.

[Rob.Singer]

You didn't retire, Rob. Your gambling business went belly up. Thank God for the wife who had to work her ass off to support you, eh?

You forgot mickey.....thank GOD my wife was also able to buy this big house and our RVs with cash! Phew! Now THAT'S why I married her in 1978. What clairvoyance!! (bestadvantage play ever, eh?)!

Oh wait!!----I also knew I wasn't going to run her into the ground 6 feet down and into an early grave by forcing my gambling habit on her when she needed dialysis more, and that I wouldn't end up a lonely old man talking to himself every night about foul smells and skeletal remains. Oh, the memories....

And WHO'S the greatest "AP" you've ever heard of again? The guy who LOST more than half his net worth to Shirley?

Give me a big smile Mickey. I wanna be your new hero.....

[Alan Mendelson]

Rob I can't imagine why a profitable gambler wouldn't call himself a pro and file a Schedule C for this business unless he wasn't a profitable gambler. Someone explain this to me please.

[Rob.Singer]

Rob I can't imagine why a profitable gambler wouldn't call himself a pro and file a Schedule C for this business unless he wasn't a profitable gambler. Someone explain this to me please.

I'll explain it to you because like so many others I'm used to explaining things to you half a dozen times. But I'll dumb it down to the gambling-only level so you won't ask about capital gains, foreign investment income, and others that you will never understand.

File schedule C, report gross profit for 4 months which was over $65k, cannot mitigate those profits with 1/3rd year worth of business expenses. File Schedule A, cover all wins with equivalent amount of losses.

[RS__]

So you broke even (or worse) in 2009?

[Alan Mendelson]

So you broke even (or worse) in 2009?

Yep. I think that's what he just told us.

[jbjb]

Too many fifth card flips!

[Robsingerwho]

Robs theories have as much of a chance of working as Alan seeing 18 hoes in a row

[Alan Mendelson]

Robs theories have as much of a chance of working as Alan seeing 18 hoes in a row

My record is being approached by two hookers in the same day at Caesars. I didn't do business with them.

[redietz]

You need to hang out at Westgate more, or the Wynn, now that I think about it.