Poll, Has Anyone Ever Claimed Gambling Winnings On Their Taxes

[Nukeman]

Has anyone on here ever had to claim winnings on thier taxes? Joe seems to think that if that line is left blank than someone must be hiding something. I am just curous as to how many on here have actually had to claim.....

[jimnyc]

Has anyone on here ever had to claim winnings on thier taxes? Joe seems to think that if that line is left blank than someone must be hiding something. I am just curous as to how many on here have actually had to claim.....

I can't even begin to tell you how many times I've won at the racetrack at the Meadowlands, Freehold Raceway and Yonkers Raceway. Also plenty of winnings from Atlantic City and Mohegan. Hit the pick-3 in both NJ and NY as well.

Not only wasn't any of it reported, it DID NOT have to be reported. My wife and I have been using one of the most reputable tax agencies to file for us for years. They were aware of all winnings and nothing needed to be declared.

Joe is an idiot. Remember, he claimed non-stop that fatass Michael Moore WAS NOT a documentary film maker and that MM never claimed as such - even though HE DOES right on his very own website and won an Oscar for best documentary. You could ask this retard what 2+2 was and undoubtedly he would get it wrong, and stand by his answer.

[Joe Steel]

I can't even begin to tell you how many times I've won at the racetrack at the Meadowlands, Freehold Raceway and Yonkers Raceway. Also plenty of winnings from Atlantic City and Mohegan. Hit the pick-3 in both NJ and NY as well.

Not only wasn't any of it reported, it DID NOT have to be reported. My wife and I have been using one of the most reputable tax agencies to file for us for years. They were aware of all winnings and nothing needed to be declared.

Joe is an idiot. Remember, he claimed non-stop that fatass Michael Moore WAS NOT a documentary film maker and that MM never claimed as such - even though HE DOES right on his very own website and won an Oscar for best documentary. You could ask this retard what 2+2 was and undoubtedly he would get it wrong, and stand by his answer.


Try again, dumbass.


Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 (PDF) and include all of your winnings.

Topic 419 - Gambling Income and Expenses (http://www.irs.gov/taxtopics/tc419.html)

You should change tax preparers.

[jimnyc]

Try again, dumbass.



You should change tax preparers.

Sure, Joe, you are correct and one of the best tax companies in the world is incorrect - just like MM doesn't claim to film documentaries. Someone working at a shit hospital shouldn't be claiming to know so much about gambling taxes! :laugh2:

[jimnyc]

Reportable Gambling Winnings

Generally, gambling winnings are reportable if the amount paid reduced, at the option of the payer, by the wager is (a) $600 or more and (b) at least 300 times the amount of the wager. However, these requirements do not apply to winnings from bingo, keno, and slot machines. Gambling winnings for these games are reportable if:


The winnings (reduced by the wager) are $1,500 or more from a keno game,
The winnings (not reduced by the wager) are $1,200 or more from a bingo game or slot machine, or
The winnings (reduced by the wager or buy-in) are more than $5,000 from a poker tournament.



If you pay reportable gambling winnings, you must file Form W-2G with the IRS and provide a statement to the winner (Copies B and C of Form W-2G).
Wrong as usual, now go eat a dog dick sandwich!

http://www.irs.gov/instructions/iw2g/ar02.html#d0e124

[Joe Steel]

Sure, Joe, you are correct and one of the best tax companies in the world is incorrect - just like MM doesn't claim to film documentaries. Someone working at a shit hospital shouldn't be claiming to know so much about gambling taxes! :laugh2:

It's an IRS publication.

Let's see how sure you are of your tax preparer. Heres a link to IRS Form 211 (http://www.irs.gov/pub/irs-pdf/f211.pdf). It's a claim form for the IRS' award to informants of non-compliant taxpayers. You've admitted to tax evasion. Let's see if anyone informs on you.

[Joe Steel]

Wrong as usual, now go eat a dog dick sandwich!

http://www.irs.gov/instructions/iw2g/ar02.html#d0e124

That's only for reporting by the house on a W2-G. The taxpayer still is responsible for reporting his winnings to the IRS.

I'm right again.

[Nukeman]

That's only for reporting by the house on a W2-G. The taxpayer still is responsible for reporting his winnings to the IRS.

I'm right again.So tell us Joe have you ever reported winnings on your taxes???? Its a straight forward question!!!

[crin63]

I won a few hundred at a time playing Blackjack and slots back when I used to gamble but never had to claim it. I haven't gambled in about 16 years now.

[Immanuel]

I have never won enough to report. I'll have to pull out my old tax books or look it up on google, but my understanding is that winnings can be reduced by loses. I'm not a heavy gambler. Just a weekend here or there at Reno and I haven't been in almost 20 years, but if your loses exceed your winnings there is nothing to report.

If you win big enough the legitimate casinos or tracks will give you a 1099 form before they pay you and then you are required to report that income.

My understanding is that you are required to report ALL winnings reduced by loses, but who really knows how much they win and lose. The government is not out to get that loose change that you throw in your pocket after playing the slots.

IF McCain had won big at the crap tables of Vegas, the casinos would have reported it. I highly doubt he's a big winner. If he plays a bit of craps, more than likely he's lost more than he's won.

If I ever do win, you can bet I'll report it. But maybe I'll be lucky ane we'll pass the FAIR Tax first.

Immie

[Nukeman]

I have never won enough to report. I'll have to pull out my old tax books or look it up on google, but my understanding is that winnings can be reduced by loses. I'm not a heavy gambler. Just a weekend here or there at Reno and I haven't been in almost 20 years, but if your loses exceed your winnings there is nothing to report.

If you win big enough the legitimate casinos or tracks will give you a 1099 form before they pay you and then you are required to report that income.

My understanding is that you are required to report ALL winnings reduced by loses, but who really knows how much they win and lose. The government is not out to get that loose change that you throw in your pocket after playing the slots.

IF McCain had won big at the crap tables of Vegas, the casinos would have reported it. I highly doubt he's a big winner. If he plays a bit of craps, more than likely he's lost more than he's won.

If I ever do win, you can bet I'll report it. But maybe I'll be lucky ane we'll pass the FAIR Tax first.

Immiethe part I bolded is important. Yo ucan only claim your losses up to the amount of yoru winnings. So it can not benifit you

[jimnyc]

That's only for reporting by the house on a W2-G. The taxpayer still is responsible for reporting his winnings to the IRS.

I'm right again.

Then explain "reportable" - then explain why NOTHING has been reported by the "house" about McCain.

[Joe Steel]

So tell us Joe have you ever reported winnings on your taxes???? Its a straight forward question!!!

No...because I don't gamble.

[Joe Steel]

I won a few hundred at a time playing Blackjack and slots back when I used to gamble but never had to claim it. I haven't gambled in about 16 years now.

You had to report it. You just didn't.

[Joe Steel]

I have never won enough to report. I'll have to pull out my old tax books or look it up on google, but my understanding is that winnings can be reduced by loses. I'm not a heavy gambler. Just a weekend here or there at Reno and I haven't been in almost 20 years, but if your loses exceed your winnings there is nothing to report.

If you win big enough the legitimate casinos or tracks will give you a 1099 form before they pay you and then you are required to report that income.

My understanding is that you are required to report ALL winnings reduced by loses, but who really knows how much they win and lose. The government is not out to get that loose change that you throw in your pocket after playing the slots.

IF McCain had won big at the crap tables of Vegas, the casinos would have reported it. I highly doubt he's a big winner. If he plays a bit of craps, more than likely he's lost more than he's won.

If I ever do win, you can bet I'll report it. But maybe I'll be lucky ane we'll pass the FAIR Tax first.

Immie

You have to report ALL your winnings on Line 21. You can offset winnings with losses IF you itemize deductions but you CAN'T claim more losses than winnings.

[Joe Steel]

Then explain "reportable" - then explain why NOTHING has been reported by the "house" about McCain.

The house should have filed a W2-G with the IRS for reportable winnings. McCain should have gotten a copy of it. McCain just may not have reported it. He ignored it and his tax preparer is under no obligation to press him on it. The IRS might match W2-Gs with and amounts reported on Line 21. Or they may not. McCain is a powerful political person and he may have gotten a pass from the IRS.

[jimnyc]

The house should have filed a W2-G with the IRS for reportable winnings. McCain should have gotten a copy of it. McCain just may not have reported it. He ignored it and his tax preparer is under no obligation to press him on it. The IRS might match W2-Gs with and amounts reported on Line 21. Or they may not. McCain is a powerful political person and he may have gotten a pass from the IRS.

Sure, he got a pass :laugh2:

Do you have ANY proof whatsoever that he won and should have reported it?

[Joe Steel]

Sure, he got a pass :laugh2:

Do you have ANY proof whatsoever that he won and should have reported it?

No proof. Suspicion.

[Nukeman]

No...because I don't gamble.
I now have evidence that Joe Steel cheats on his taxes. He has consistanly left line 21 blank on his itemized tax return. so by his own admission and reasoning he is a fraud and tax cheat... I must be right because I heard Joe has a gambling problem so he must have winnings that he has not claimed. He is a liar and a cheat!!!!!!

[jimnyc]

No proof. Suspicion.

And yet you outright INDICTED him by stating he was filing fraudulent tax returns. What a fucking fool, but I'm not in the least bit surprised.

[Trigg]

The most I've ever won is $5 on a scratch off. I have awful luck.

[Immanuel]

The most I've ever won is $5 on a scratch off. I have awful luck.

Did you claim this on your taxes?

Caution: anything you say can AND will be used against you in a liberal court of law. :p

Immie

[Trigg]

Did you claim this on your taxes?

Caution: anything you say can AND will be used against you in a liberal court of law. :p

Immie


Well I'm just going to brave the liberal courts then :laugh2:

Nope, didn't claim 5 bucks.

[Immanuel]

Well I'm just going to brave the liberal courts then :laugh2:

Nope, didn't claim 5 bucks.

You are going to throw yourself at the mercy of a liberal court? You have more guts than I do. They're likely to burn you at the stake for the $.75 that you didn't send to the IRS like you should have. :laugh2:

A conservative's life is not worth $.75 in their books. You better run for the hills.

Immie

[Mr. P]

Has anyone on here ever had to claim winnings on thier taxes? Joe seems to think that if that line is left blank than someone must be hiding something. I am just curous as to how many on here have actually had to claim.....

I don't gamble so NO...on the other hand if I did and won, you can bet yer ass I wouldn't pay tax voluntarily on any winnings.

[April15]

Being in business for my self I never had excess money to give at a card table.

[manu1959]

You have to report ALL your winnings on Line 21. You can offset winnings with losses IF you itemize deductions but you CAN'T claim more losses than winnings.

so if you lost more than you won you would report nothing then.....and the line would be blank.....

[Joe Steel]

so if you lost more than you won you would report nothing then.....and the line would be blank.....

No.

You have to report the winnings on Line 21 and the losses on Schedule A, Line 28.

[avatar4321]

I dont gamble. so neither answer is applicable.

[Missileman]

The house should have filed a W2-G with the IRS for reportable winnings. McCain should have gotten a copy of it. McCain just may not have reported it. He ignored it and his tax preparer is under no obligation to press him on it. The IRS might match W2-Gs with and amounts reported on Line 21. Or they may not. McCain is a powerful political person and he may have gotten a pass from the IRS.

Those W-2Gs are filed with the IRS. Do you honestly think he'd risk a political hit for a few hundred dollars with the millions he has?

I think it's pathetic that the best you can offer is suspicion and "may" and "might".

Do you have anything other than speculation?

[manu1959]

No.

You have to report the winnings on Line 21 and the losses on Schedule A, Line 28.

but if there are no winnings then there would be nothing to report....and it would be blank....

[Joe Steel]

Those W-2Gs are filed with the IRS. Do you honestly think he'd risk a political hit for a few hundred dollars with the millions he has?

I think it's pathetic that the best you can offer is suspicion and "may" and "might".

Do you have anything other than speculation?

It's not nearly as despicable as your dismissal of overwhelming evidence of wrongdoing. You're like the IRS. You're giving him a pass.

[Joe Steel]

but if there are no winnings then there would be nothing to report....and it would be blank....

The evidence suggests otherwise. McCain has a decades-long gambling obsession. The lack of reportable winnings is extremely unlikely.

[avatar4321]

The evidence suggests otherwise. McCain has a decades-long gambling obsession. The lack of reportable winnings is extremely unlikely.

youve obviously never been gambling. Or known anyone who has.

You also still havent provided evidence that McCain has a decades long gambling obsession. Repeating your assertion again and again doesnt mean their is evidence for it.

[Immanuel]

youve obviously never been gambling. Or known anyone who has.

You also still havent provided evidence that McCain has a decades long gambling obsession. Repeating your assertion again and again doesnt mean their is evidence for it.

Someone should inform him that the odds are stacked against the gambler. IF, and that is a big if, Senator McCain has a gambling obsession for which we only have JS's "suspicion" again (he never proves his wild accusations) then the chances are that Senator McCain is in the hole as gamblers call it.

Gambling is not a way to make a living. The odds are severely stacked against you. If they weren't the casinos would have gone out of business a long, long time ago.

Immie

[jimnyc]

From Jo Jo's supporting article:


For much of his adult life, Mr. McCain has gambled as often as once a month, friends and associates said, traveling to Las Vegas for weekend betting marathons. Former senior campaign officials said they worried about Mr. McCain’s patronage of casinos, given the power he wields over the industry. The officials, like others interviewed for this article, spoke on condition of anonymity.

It appears they likely interviewed a liberal dickhead like Joe who wants to make accusations but doesn't want to backup said accusations. How very typical.

[Joe Steel]

youve obviously never been gambling. Or known anyone who has.

You also still havent provided evidence that McCain has a decades long gambling obsession. Repeating your assertion again and again doesnt mean their is evidence for it.

Published reports including a recent NY Times article support the assertion. You should read them.

[jimnyc]

Published reports including a recent NY Times article support the assertion. You should read them.

No they don't. It supports nothing more than an anonymous persons claims.

[Joe Steel]

John McCain and his lobbyist gambling buddy (http://www.jedreport.com/2008/05/john-mccain-a-2.html)

http://www.jedreport.com/pics/mccaincrapsbellagio.jpg

[Immanuel]

John McCain and his lobbyist gambling buddy (http://www.jedreport.com/2008/05/john-mccain-a-2.html)

http://www.jedreport.com/pics/mccaincrapsbellagio.jpg

And that proves what?

You know, I was on a cruise two years ago, and standing in the exact same pose as that picture, but I never laid a bet. I've watched craps before, but never played as I don't really know the game. I have stood at craps tables in Reno and in Vegas and never played.

I have also sat at Blackjack tables for hours at a time playing blackjack on $20. That doesn't mean I am obsessed with gambling.

A picture of a person standing at a gaming table does not mean the person is obsessed with gambling. Show me markers showing him losing big bucks like Pete Rose and maybe you might convince me.

Immie

[Nukeman]

The evidence suggests otherwise. McCain has a decades-long gambling obsession. The lack of reportable winnings is extremely unlikely.Just like the evidence is stacked against you as well Joe. When should we send the IRS to yor house to investigate YOUR gambling obsession and winnings?????:poke:

[Joe Steel]

And that proves what?

Not proof. Evidence of McCain's gambling obsession.

[Trigg]

Not proof. Evidence of McCain's gambling obsession.

All that picture provides is proof that he stood at a gambling table. :laugh2:

[Joe Steel]

All that picture provides is proof that he stood at a gambling table. :laugh2:

Read the article which went with it.

[jimnyc]

Read the article which went with it.

Can you please give us specific names of these people who claim he has had a long obsession with gambling?

[Yurt]

Not proof. Evidence of McCain's gambling obsession.

this is where you are getting caught up....you claim you only have suspicions....yet you have "evidence" of mccain's gambling problem. is this evidence direct or indirect?

you throw the word around as if "evidence" alone solves a case

[Missileman]

It's not nearly as despicable as your dismissal of overwhelming evidence of wrongdoing. You're like the IRS. You're giving him a pass.

What overwhelming evidence might that be? Your suppositions? Your "mays" and "mights" ?

You haven't provided evidence of any winnings that weren't claimed...not a single shred.

Now it's not just McCain not paying taxes, according to you, it's a conspiracy between McCain and the IRS to cheat the government out of a few bucks. :rolleyes:

The only thing "overwhelming" in this thread is the extent of your stupidity.

[Mr. P]

The evidence suggests otherwise. McCain has a decades-long gambling obsession. The lack of reportable winnings is extremely unlikely.

LMFAO!!!:laugh2: Yep!

Okay Joe, where's the line on a 1040 or any other schedule to list an "obsession"?

Remember the official IRS policy line on paying taxes is "it's VOLUNTARY"...:laugh2:

As always, you ain't got a case, Joe.

[Joe Steel]

Can you please give us specific names of these people who claim he has had a long obsession with gambling?

Read the article with the picture.

[Joe Steel]

this is where you are getting caught up....you claim you only have suspicions....yet you have "evidence" of mccain's gambling problem. is this evidence direct or indirect?

you throw the word around as if "evidence" alone solves a case

Nonsense.

Suspicion is born of evidence.

[Joe Steel]

You haven't provided evidence of any winnings that weren't claimed...not a single shred.

You have commendable grasp of the explicitly stated.


Now it's not just McCain not paying taxes, according to you, it's a conspiracy between McCain and the IRS to cheat the government out of a few bucks. :rolleyes:

The only thing "overwhelming" in this thread is the extent of your stupidity.

I suggested the possibility the IRS may be giving him a pass. Or, it might not have noticed the discrepancy. It's not infallible. Or, consistent with Bush's policy of concentrating IRS audits on lower-income taxpayers, McCain just doesn't fit the profile.