vpFREE2 Forums

TAXES:::: Something New

#1

My thought exactly. If he lives in Michigan (as I do), or another one of the
states that don't allow losses to fade winnings on income taxes, his
residence is in the wrong place to be playing for big stakes.

- Brian in MI

In a message dated 3/1/2007 8:32:40 PM Eastern Standard Time,
supermackdaddy99@aol.com writes:

···

Sounds like you should establish residence in another state. Buy a condo in

Florida or something.

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#2

My thought exactly. If he lives in Michigan (as I do), or another

one of the

states that don't allow losses to fade winnings on income taxes,

his

residence is in the wrong place to be playing for big stakes.

- Brian in MI

In a message dated 3/1/2007 8:32:40 PM Eastern Standard Time,
supermackdaddy99@... writes:

> Sounds like you should establish residence in another state. Buy

a condo in

>
> Florida or something.

Gentlemen: One of my objectives in retirement is not to own two or
more residences. Everything is comped at Wynn so I do not need
another home. I'd move to Nevada, but because of my wife's ties to
family, she does not wish to relocate when I'm retired. We did that
when I worked. We've been married 41 years and now is not the time
for me to cause a divorce. Denny

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> free email to everyone. Find out more about what's free from AOL

at

···

--- In vpFREE@yahoogroups.com, Marksalot300@... wrote:

> http://www.aol.com.

[Non-text portions of this message have been removed]

#3

Since you're a High Roller, I'd recommend you talk to both an
accountant and a tax attorney who specialize in gambling tax law.

You may have done this, but from your initial post it seems that your
accountant is a "generalist" for lack of a better term.

Mac

#4

--- In vpFREE@yahoogroups.com, "Mac McClellan" <mac_mcclellan@...>
wrote:

Since you're a High Roller, I'd recommend you talk to both an
accountant and a tax attorney who specialize in gambling tax law.

You may have done this, but from your initial post it seems that your
accountant is a "generalist" for lack of a better term.

Mac: You were at least initially correct. Since last August he's
become one hell of a lot smarter. I have also suggested that at some
time we made need an attorney and he agrees that if we hit tax court we
will.

I must say I am very pleased at the quality of all the responses I have
so far received on this issue. Thank you all so much. Denny

···

Mac