vpFREE2 Forums

Caesars 2014 Win-Loss Statements

#1

I'm a little confused about my winloss statements since the subject has been brought up. Two years ago I had an nerve rattling audit that didn't turn out well because I didnt keep good records of my play and results. I lost some money even though I had $40000 in tax slip wins, then I had to pay even more.
I did have my winloss stmts. but was told they didn't use them. When I asked why I was asked if I ever played without a slot card, and the girl said I really didn't need to answer. But since I didn't keep records (I do now!) I never know if those things are accurate.

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----- Reply message -----
From: "vpking77@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com>
To: <vpFREE@yahoogroups.com>
Subject: [vpFREE] Re: Caesars 2014 Win-Loss Statements
Date: Sat, Jan 17, 2015 12:34 PM

Mine was accurate and correct for 2014 jackpots.

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#2

You got audited for $40K in taxable jackpots. I find that hard to believe. Something else on your return must have triggered an audit. If someone was a regular weekend customer and just played $1 slots they would have $40K in taxables easy. With the IRS reduction in staff an in person audit wouldn't even be cost effective for them.

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#3

I disagree . ..I was audited for a simple 14 grand..yes....!!.14 grand...I have had larger amounts, with no audit.. ..my feeling is it depends on whose desk it lands on!!! They were actually very nice, and it ended on an "ok" note, but when I questioned such a small amount, he raised his eyebrows , and said..."it just all depends "..I guess it does. Either way,...little or big, it is scary ....

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