4 for 4 yesterday Bronxer you made me like $1650 appreciate the texts pal. :cheers:
Printable View
4 for 4 yesterday Bronxer you made me like $1650 appreciate the texts pal. :cheers:
http://www.irs.gov/taxtopics/tc419.html
IRS website quick info about gambling winnings/losses
concerning scratch ticket write-offs.in massachusetts,and,i,m guessing the irs,these tix are notacceptable for write-offs,as they cannot verify the year they were purchased.there are no dates on the tickets.they can't cofirm that you bought the tix the same year that you are claiming your deduction.normally if you had no tax problems before with state/fed.they will not challenge your claims.bottm line,no need to pick up tix on the floor as proof of deductions.not to mention that if you did present found tix on the floor or trash,they could trip you up in anumbe of ways,ie: you found a tix bought in the grandstand at,say 1:05 pm for $100.00,and,then hbought another ticker ,say$40.00,at 1:06 pm in the clubhouse. they"re going to pick up on this physical impossibility.also some tracks do not show the players reward account number on the ticket.they will pick up on that also.just my past experiences with this input.hope it helps.
correction to my previous post. massachusetts dept of revenue does not allow deductions of gambling losses.
Guys heres a heads up its ok if you scoop the tickets the best thing to do is pay one of the guys that sweep up to give you the tickets, the tracks have cameras the Irs will see you picking and bust you, one other big big thinghave you heard of a mobster named Bobby Deluca he was a capo for the mob, they decidrd to put a hit on him he ratted about the strip clubs in rhode island, 10 years ago he did 5 years because he took a guys tickets and went to I.R.S. to do his taxes used tickets from a guy who already was checked by irs and they marked them with a pen that was seen only under ultra blue lighting he got busted cost him over $20,000 in fines 25 grand for lawyers and additional 5 years in the federal can. If you want to be a gangster talk to other guys and think like a gangster