Pulling Player's Club Card out when a Jackpot is hit?

[Darkoz]

I have only skimmed this and the Confession thread, but, no one has mentioned that many slots players believe that pulling the player card out "tricks" the system into allowing you to have another jackpot? In other words that the system "decides" that you have won enough or that you should not win, so playing anonymously or under someone else's name might allow more wins. That fallacy is commonplace.

As such, it could even be that some of these oddballs who allow a total stranger to insert her card in when they are playing, take one look at her and decide that she must not be winning much, so switching gears on the system might help them win.

I was nervous that I could be trespassed for having someone play on my card for a Promotion, hence why I took my Player's Club Card out of his machine when he won the $2,000 Money Train. He has only spun on my card for like three spins, before he got the sudden $2,000 win. It would have been REALLY lucrative if he had not gotten the sudden $2,000 win. Had he only been winning like $10 wins, that could have easily given me 100 points.

It would have been even more REALLY lucrative if you had been trespassed.

I am not certain but I believe the Florida casinos are on Indian tribal land.

[Cerveza Fria]

Not all casinos in Florida are on tribal land. There are the "Racinos" on state regulated parimutuel properties, like Horse tracks (Gulfstream, etc), Dog tracks, and Jai Alai frontons.

[Tasha]

Seminole Hard Rock Casino and Seminole Classic Casino are on Indian tribal land. Gulfstream Park Casino, Dania Beach Casino, Hialeah Park Casino , The Big Easy Casino, Casino Miami, Magic City Casino, are not Indian tribal land.

[jdog]

The IRS sets the bar too high ... They want the number of the slot machine you play on, plus the total amount bet, with itemized totals of wins and losses.

This is precisely my concern. Maybe you get an auditor whose daddy gambled away their college fund, so they hold your feet to the fire. It could be tricky finding a tax attorney who is both local and also proficient in gaming activity tax law. I see a lot that could go wrong here so I'll continue to eat the tax liability for now. I think we can all agree that this situation is not at all fair to recreational gamblers and would almost seem to invite APs to cook their books.

[MisterV]

"...the IRS requires you to keep a record of your gambling winnings or losses. This record can then be used to prove that you incurred certain losses or won money through gambling. At a minimum, these records should contain:

The date you gambled
The type of gambling involved
The people you gambled with
The name and address of where you gambled
The amount you won and lost

Taking the time to record these things can protect you from an audit."

________________________________
https://paladinilaw.com/irs-gambling-losses-audit/

[accountinquestion]

The IRS sets the bar too high ... They want the number of the slot machine you play on, plus the total amount bet, with itemized totals of wins and losses.

This is precisely my concern. Maybe you get an auditor whose daddy gambled away their college fund, so they hold your feet to the fire. It could be tricky finding a tax attorney who is both local and also proficient in gaming activity tax law. I see a lot that could go wrong here so I'll continue to eat the tax liability for now. I think we can all agree that this situation is not at all fair to recreational gamblers and would almost seem to invite APs to cook their books.

This whole concept of "books" is a fascinating subject. I suspect lots around here don't have books to cook. Shame on them. I don't like tax cheats. Pay your share. obviously

Worst case in this case is that there is no fraudalent intent, you just show them your logs. So I really don't think you're going to get in trouble over this. They literally expect you to be a losing gambler as it is. So seems to me worst case is paying back what they say you owe with some penalty. You might have to eat the cost of a tax attorney but they won't need to be too specialized. Just look up what is proper, put up a stance that you logs are proper (which you were able to provide.) I suspect this would never actually go to a tax trial because it wouldn't possibly be worth the government's time. Such an attorney isn't going to be terribly expensive. This is probably fairly simple. Once you add it all up it clearly makes sense to do it to document your losses if you have substnatial w2gs. So easy to keep that log, yanno? Pretty sure IRS is never going to go after you over this..

Also I really don't know what I'm talking about. I'm kinda making it up as I go but I'm typically pretty decent at that.<I hear redietz stirring>

[MisterV]

You might have to eat the cost of a tax attorney but they won't need to be too specialized... Such an attorney isn't going to be terribly expensive.

Tax attorneys are VERY expensive.

Your best bet: have a CPA prepare your return and if audited have him or her with you; should be cheaper than hiring a tax attorney.

[accountinquestion]

You might have to eat the cost of a tax attorney but they won't need to be too specialized... Such an attorney isn't going to be terribly expensive.

Tax attorneys are VERY expensive.

Your best bet: have a CPA prepare your return and if audited have him or her with you; should be cheaper than hiring a tax attorney.

I seem to recall people paying ~4k.. we'll say $5k. Presumably this is a fairly straight-forward case. I mean you showed the documentation as per their rules. Lets assume that. This is just a matter of an attorney walking in to prosecutor and saying this is nonsense, lets take this to a judge. THere isn't even a reason for you to be there to begin with... now if you have extentuating circumstances outside of what is being discussed then I really have no clue.

So how much would you think you'd need to pay for a tax attorney on a case about as simple as can be ?

[MisterV]

So how much would you think you'd need to pay for a tax attorney on a case about as simple as can be ?

I am focusing on audits, not trials.

CPA for an audit...always.

from cyberspace, no source given..

"Unlimited Representation Rights: Enrolled agents, certified public accountants, and attorneys have unlimited representation rights before the IRS. Tax professionals with these credentials may represent their clients on any matters including audits, payment/collection issues, and appeals."

[accountinquestion]

So how much would you think you'd need to pay for a tax attorney on a case about as simple as can be ?

I am focusing on audits, not trials.

CPA for an audit...always.

from cyberspace, no source given..

"Unlimited Representation Rights: Enrolled agents, certified public accountants, and attorneys have unlimited representation rights before the IRS. Tax professionals with these credentials may represent their clients on any matters including audits, payment/collection issues, and appeals."

But if you haven't had a CPA prepare it .. ? I'm thinking more if you wish to stand your ground worst case.

So representation rights would be the same thing between CPA and tax attorney? Who rules on this stuff when you disagree with an auditor? Isn't there a judge involved? I agree you wish to avoid that and I don't think it'd ever happen anyway. They're just going to give up. There is simply nothing there. You show them the log and they're like oh ok. As long as your bank deposits are reasonable.

[MisterV]

I've never been audited by the IRS nor have I appeared in tax court so I cannot answer your queries with first hand information.

I do know that audits are pretty informal, at least when compared to tax court.

A CPA is probably not required for an audit, but if one did the return he/she should be there.

[kewlJ]

I've never been audited by the IRS nor have I appeared in tax court so I cannot answer your queries with first hand information.

I do know that audits are pretty informal, at least when compared to tax court.

A CPA is probably not required for an audit, but if one did the return he/she should be there.

I had something one year. It happened to be a year that my partner and I had more than usual, machine play winning, along with hand pay w-2's.

Actually maybe it was the year after that and that is what triggered. The tax guy called and said we needed documentation for some of the write off stuff. So I "updated some logs" and dropped them off at his office. He sent them along to the IRS. I don't know if he attended any kind of meeting or not. Don't think so. I certainly didn't. A while later and it was a while, he informed me everything was good. So I don't know if that was actually an audit or some kind of review. maybe a pre-audit review, if there is such a thing.

I now try to keep better records. I didn't even know each blackjack table had a number like machines do. Sometimes you can see the number (usually a letter and number) in the very corner of the table, behind the shoe if there is one. Sometimes you can't even see the number, it is on the back of the table facing the pit away from players. Or you can't see it unless you walk around to other side of pit.

Anyway the whole logs as a record of play is pretty silly. The IRS won't accept casino win/loss but they accept a players written logs. That is all I am going to say. I try to pay my fair share. I honestly do. But that is a silly way of proving proof of anything.

[coach belly]

I didn't even know each blackjack table had a number like machines do.

Yeah right.

There is zero chance that you could have played blackjack professionally, for any length of time that would classify you as a pro, and not noticed the numbers on the tables. That's ridiculous.

Once again, you are revealing yourself to be totally full of shit.

tewlj is an admitted an proven liar...a pathological liar, incapable of posting honestly.

Nothing he posts should be believed.

[kewlJ]

That I never really noticed, or had reason to notice, or even cared that blackjack tables were numbers, proves I don't play professionally?

See, you are just a nut. Not to be taken seriously at all.

never had reason to notice....until I did.

[accountinquestion]

That I never really noticed, or had reason to notice, or even cared that blackjack tables were numbers, proves I don't play professionally?

See, you are just a nut. Not to be taken seriously at all.

never had reason to notice....until I did.

IRS is asking for this number that is somewhere on tables to log where you were for w/l ? but in all my years gambling I have never noticed one or heard they exist.

And the IRS wanted this why? To cross-reference with what?

Just stop it. Jesus. You fuck up all these threads bro. It is killing me.

[jbjb]

The IRS doesn't need any of that information.

[MisterV]

The IRS doesn't need any of that information.

Who cares what the IRS "needs?"

What matters is what they "require," and for winnings and losses from slots the IRS requires

"Slot machines. A record of the machine number and
all winnings by date and time the machine was played."

https://www.irs.gov/pub/irs-pdf/p529.pdf

[kewlJ]

Just stop it. Jesus. You fuck up all these threads bro. It is killing me.

Dude what is your fucking problem? I have every right to post whatever I want sharing my experiences. If reading what I post bothers you so fucking much....Don't read it. this forum has an ignore feature even.

It is just ignorant for you to just bully and try to brow beat me like you do. Grow the fuck up and try to find a a shred of decency within yourself.

[kewlJ]

The whole point is that the IRS rules make no fucking sense.

Here is another that is completely contradictory and makes no sense: The IRS does not accept ATM receipts as proof of anything. Not proof of balance in accounts, nor proof of money withdrawn for a purchase of anything. To the IRS an ATM receipt is a small piece of trash.

But when you make a log of your casino play to satisfy IRS requirements, if you made an ATM withdrawal, it is recommended you attach that to your records. This piece of paper that they don't recognize as proof of anything, somehow validates, or "supports" your written records. Even a receipt from the casino for lunch or dinner, somehow supports your written casino records. It could be a receipt you pick off the ground that wasn't even yours. Makes absolutely no sense.

[Ozzy]

That I never really noticed, or had reason to notice, or even cared that blackjack tables were numbers, proves I don't play professionally?

See, you are just a nut. Not to be taken seriously at all.

never had reason to notice....until I did.

IRS is asking for this number that is somewhere on tables to log where you were for w/l ? but in all my years gambling I have never noticed one or heard they exist.

And the IRS wanted this why? To cross-reference with what?

Just stop it. Jesus. You fuck up all these threads bro. It is killing me.

He can't help himself! He's the ultimate attention whore. He's the poster boy for any attention ( mostly negative) is good attention. I also suspect he's trying desperately before the end of the year to surpass his biggest nemesis, who pulverizes him on the regular! UNKOOL wants to beat him at something Come on Rob, wise up and don't let this snot nosed twit win!