vpFREE2 Forums

New PLAYER'S EDGE Column

Here here! I agree 1000%. Ignore the regulations. Don't keep any records. Any mail from the IRS? Just trash it. They can't treat us like that!

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-------------- Original message --------------
This "recording your sessions" is ridiculous. What is the definition of a "session"?
Lets see, every time I stick a $100 in a machine? The rules actually suggest documenting the
time, location, demon, machine number, etc. Riiiiight.

This is ridiculous, and despite what I keep reading, I seriously doubt the majority of players
having anything close to what the IRS would accept.

The purpose of this vague confusing regs is similar to other IRS regs. It provides
opportunity to deny your loss deduction.

As popular as gaming in general has become, I am surprised their no pressure to simply or
at least update the IRS Regs. vpFREE <vpFREE@Cox.net> wrote:

It's never too soon to think about paying taxes on jackpots

http://tinyurl.com/4xn8e

<a href="http://tinyurl.com/4xn8e">
http://tinyurl.com/4xn8e</a>

vpFREE Links: http://members.cox.net/vpfree/Links.htm

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