Rob Singer has taken his act on the road again.

[Alan Mendelson]

Yes you were much more diplomatic back in the day.

Now I can call them as I really see them.

[arcimede$]

It's not nonsense. It's actually a violation of the IRS rules and procedures. What you are telling us via your tax returns is that you never had a winning day without a royal flush. Therefore you underreported your daily wins, which underreported your adjusted gross income, which altered your actual tax liability.

When I report my gaming results, I include net wins for each day even if I am a net loser for the year. Yes, my net wins do increase my adjusted gross income and that in turns lowers the value of my Schedule A deductions. But that's the way it is and that's what the rules say to do. Yes, I am penalized on my taxes even though I am a net loser.

The IRS statements are very ambiguous and have changed over the years. The reason I do it this way is because of reported audits. I've read too many reports of people trying to use their actual win totals and then getting audited because it is lower than the W2G. Since then I use W2G total because that removes any chance of an audit of this type. This year is a perfect example. My win totals were well BELOW the W2G total. My AGI is MUCH, MUCH higher (over $150K) due to using the W2G total. It cost me a lot of money, but it is consistent. Over the years I would say the overall effect is to cost me money.

I'm still waiting for all the losers to come up with that $300. Where is it mama belly? Where is the little man? Why are you guys afraid to back up your name calling with some money? Could it be because you are nothing but a narcissistic jerks?

[redietz]

I thought arci's tax returns to Alan were privileged information. So let me ask straight out -- did arci give Alan permission to publicly post information outside of the initially agreed upon information or not?

The reason I ask is that had I met Alan in a social setting this last year or two, I would probably have shared some information that would have fallen under the aegis of "off the record." If "off the record" doesn't mean much, it's good to know this.

[RS__]

I thought arci's tax returns to Alan were privileged information. So let me ask straight out -- did arci give Alan permission to publicly post information outside of the initially agreed upon information or not?

The reason I ask is that had I met Alan in a social setting this last year or two, I would probably have shared some information that would have fallen under the aegis of "off the record." If "off the record" doesn't mean much, it's good to know this.

I've seen Alan twice in a casino and considered saying hi I'm RS. Had an idea that if there was anything I told him and asked not to tell to others, he'd protect the information.....he wrote something about being a journalist and facing jail time or something for not revealing his source. But after thinking about it, Alan didn't really seem like the kinda person that would protect that information....at least the interactions I've had with him on forums.

[Alan Mendelson]

The IRS statements are very ambiguous and have changed over the years. The reason I do it this way is because of reported audits. I've read too many reports of people trying to use their actual win totals and then getting audited because it is lower than the W2G. Since then I use W2G total because that removes any chance of an audit of this type.

Too much double talk here, Arc. You told us before you reported your W2G royals. Are you telling us you had NO OTHER daily wins EXCEPT for the Gross Wins from the royals?

Under IRS rules you are obligated to report all daily gross wins and then you offset them. I find it hard to believe that you only had daily wins when you happened to have hit a royal. What kind of an AP doesn't have other daily wins?

[Alan Mendelson]

I thought arci's tax returns to Alan were privileged information. So let me ask straight out -- did arci give Alan permission to publicly post information outside of the initially agreed upon information or not?

The reason I ask is that had I met Alan in a social setting this last year or two, I would probably have shared some information that would have fallen under the aegis of "off the record." If "off the record" doesn't mean much, it's good to know this.

I violated nothing.

[coach belly]

I'm still waiting for all the losers to come up with that $300.

What do you need the $300 for...you dead beat piece of acrid trash?

[Alan Mendelson]

So we are clear that I violated nothing, this is from the original thread with Arc sending me his tax returns:

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.

Note that in two years he reported ONLY the wins from two Royals and NO other winning days. Again I ask, is this the performance of an AP?

[redietz]

So arci agreed that anything in his tax records could be publicly stated or discussed?

[coach belly]

My win totals were well BELOW the W2G total.

So you entered bogus win totals to show a profit.

Like I wrote earlier...the guy is a total fraud.

[redietz]

I'm trying to find the thread with Rob Singer's tax returns. Can anybody provide the link?

[coach belly]

I'm trying to find the thread with Rob Singer's tax returns.

Keep trying you lowlife sissy

It's fun to live at the YMCA...isn't it?

[arcimede$]

Under IRS rules you are obligated to report all daily gross wins and then you offset them. I find it hard to believe that you only had daily wins when you happened to have hit a royal. What kind of an AP doesn't have other daily wins?

Wrong, that interpretation is very recent. Before that all that the IRS said was you need to report winnings and then they checked the total against the W2G. Hence, their own verification procedure determined what was acceptable on the 1040 form. In both 2014 and 2015 my W2G total was higher then my session wins.

Note that in two years he reported ONLY the wins from two Royals and NO other winning days. Again I ask, is this the performance of an AP?

The tax return has nothing to do with being an AP. You already know this because it has been discussed before. Is Alan now trying to be an asshole? The only reason I provided my return was to demonstrate that Singer is a fraud. Mission accomplished. What's hilarious is Alan is still claiming he thinks Singer won when it is so obvious he never won squat.

Now, I'm still willing to provide 2010, 2015 to anyone who want to lay out just $300 betting my average win over the period wasn't 5 figures. I'd need to have won almost $56,000 in those two years. If my performance is so bad then why doesn't anyone take me up on the bet? Come on mama belly, why are you being so impotent? Are you always this limp in everything you do?

[Alan Mendelson]

Thanks to the Internet it is easy to do a Google search and find a pdf of the actual IRS instructions for reporting gambling wins for the tax year 2012. The instructions are:

2012 Form 1040—Lines 21 Through 24
Gambling winnings, including lotteries, raffles, a lump-sum payment from the sale of a right to receive future lottery payments, etc. For details on gambling losses, see the instructions for Schedule A, line 28.

Note that there is nothing here about "adjusting" the gambling winnings because of any interpretation. Indeed ALL winnings were to be reported with deductions for losses on Schedule A.

Based on that, and it has never changed to the best of my knowledge, I wrote this earlier in this thread:

Under IRS rules you are obligated to report all daily gross wins and then you offset them. I find it hard to believe that you only had daily wins when you happened to have hit a royal. What kind of an AP doesn't have other daily wins?

Please note what Arc said in a post above:

Wrong, that interpretation is very recent. Before that all that the IRS said was you need to report winnings and then they checked the total against the W2G. Hence, their own verification procedure determined what was acceptable on the 1040 form. In both 2014 and 2015 my W2G total was higher then my session wins.

So I need some clarification here as to what Arc is saying?

[coach belly]

The only reason I provided my return was to demonstrate that Singer is a fraud.

And all that you demonstrated is that YOU are a fraud.

You've admitted to submitting inflated win figures...so you lost in each of the 4 years that you sent to Alan.

Now you want to bet on what your returns show for some other years? LOL

Your returns are all bogus...you've already admitted that...they can't prove that you've won.

If you need $300, go back to hitting up old ladies at the slots for bus money...you bum.

[quahaug]

Alan gave Rob enough rope to hang himself. Thanks Alan for exposing the true fraud.

[regnis]

Thanks to the Internet it is easy to do a Google search and find a pdf of the actual IRS instructions for reporting gambling wins for the tax year 2012. The instructions are:

2012 Form 1040—Lines 21 Through 24
Gambling winnings, including lotteries, raffles, a lump-sum payment from the sale of a right to receive future lottery payments, etc. For details on gambling losses, see the instructions for Schedule A, line 28.

Note that there is nothing here about "adjusting" the gambling winnings because of any interpretation. Indeed ALL winnings were to be reported with deductions for losses on Schedule A.

Based on that, and it has never changed to the best of my knowledge, I wrote this earlier in this thread:




Please note what Arc said in a post above:



So I need some clarification here as to what Arc is saying?

Surprisingly, I was almost going to agree with Arci on something----you are more likely to run afoul of the IRS by declaring more than your W-2G gambling winnings. It is almost as if they know you are trying to pull something if you declare more than the W2G.

However, nothing has changed in the last few years. The law and its application are the same as they have been for decades. Even though I haven't practiced as a CPA in over 30 years, I work with/assist many gamblers with IRS problems and jackpot winnings. I would say that each situation is different, but the law does require each winning day to be declared.

I did have one fun case with a client who was a famous Illinois politician that went to jail for other reasons (don't try to Google it---the number of Illinois politicians in jail is too long). That individual had 1.75 million in slot/VP jackpots in one year, and yet was a net loser. We beat the IRS but the individual got 8 years for other crimes.

[redietz]

Keep trying you lowlife sissy

It's fun to live at the YMCA...isn't it?

Lowlife? Well, that either means I frequent a 70-seat New York city restaurant or I am morally unacceptable to my community. I am having lunch with some administrative sorts today, and I will poll them as to my being a lowlife and report back here.

Sissy? Well, I do attend the occasional transgender drag show, and I will be seeing an independent film tonight featuring kings, queens, and in-betweens, but I like to think not many people would actually view me as a sissy. I will poll the folks today. One was an all-state athlete, and we compare workouts on occasion -- maybe he can guide me away from being a sissy. I will report back later. The Rangers with whom I occasionally did PT probably did view me as a sissy -- at least a third of them were faster than me, and they did much better on obstacle courses than me.

The YMCA? First off, I'm not Christian. But I have no qualms about hanging at the YMCA - in fact, I coached youth basketball at a Y for a couple of years.

Now this is the part where, if Alan were in his social defender mode, he would step in and say coach is being racist and gay-bashing and sexist and a bunch of things. But perhaps Alan has retired himself from that role.

[coach belly]

I like to think not many people would actually view me as a sissy. The Rangers with whom I occasionally did PT probably did view me as a sissy

So how many is not many?...since the Rangers...having met you...thought you were a sissy too.

[Alan Mendelson]

Redietz you should contact the forum owner about the insults. But I wonder why you even bothered making the response?