vpFREE2 Forums

W2Gs on Cruise Ships

#1

Someone wrote this to me:

<<There was a situation I was confronted with 3 yrs ago. I was on a cruise
and hit a jackpot for around $1400. They told me a W-2G had to be filled out,
even though I was beyond the 3 mile limit and the ship was registered in
another country. That seemed strange to me. When I returned home, I called
the cruise lines and was told because I was an American citizen, the company
had to follow our laws.>>

This doesn't make sense - but what does about taxes. Has anyone ever been
issued a W2G on a ship registered in a foreign country?

···

________________________________________
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  for VP software and strategy cards and for the
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   need "Tax Help for the Frugal Gambler."

#2

<<There was a situation I was confronted with 3 yrs ago. I was on

a cruise

and hit a jackpot for around $1400. They told me a W-2G had to be

filled

out,
even though I was beyond the 3 mile limit and the ship was

registered in

another country. That seemed strange to me. When I returned home,

I called

the cruise lines and was told because I was an American citizen,

the company

had to follow our laws.>>

This doesn't make sense - but what does about taxes. Has anyone

ever been

···

issued a W2G on a ship registered in a foreign country?

===============================
One and only cruise I've ever been on, I hit a progressive jackpot
for just under $1,400. They handed me the money and that was it! No
W2G here. This was in Dec '98. Cruise line could have changed there
policy?

#3

* staninnv wrote: “Cruise line could have changed there
policy?”

It’s far more likely the cruise line rolled over for the I.R.S.

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

#4

It really shouldn't make any difference. Any win is taxeable, whether you receive a W2-G or not.

···

From: "staninnv" <arnot@cox.net>
Reply-To: vpFREE@yahoogroups.com
To: vpFREE@yahoogroups.com
Subject: [vpFREE] Re: W2Gs on Cruise Ships
Date: Fri, 04 Feb 2005 15:41:52 -0000

> <<There was a situation I was confronted with 3 yrs ago. I was on
a cruise
> and hit a jackpot for around $1400. They told me a W-2G had to be
filled
> out,
> even though I was beyond the 3 mile limit and the ship was
registered in
> another country. That seemed strange to me. When I returned home,
I called
> the cruise lines and was told because I was an American citizen,
the company
> had to follow our laws.>>
>
> This doesn't make sense - but what does about taxes. Has anyone
ever been
> issued a W2G on a ship registered in a foreign country?

One and only cruise I've ever been on, I hit a progressive jackpot
for just under $1,400. They handed me the money and that was it! No
W2G here. This was in Dec '98. Cruise line could have changed there
policy?

#5

--- In vpFREE@yahoogroups.com, "pesach kremen" <royalflush2222@h...>
wrote:

It really shouldn't make any difference. Any win is taxeable,

whether you

receive a W2-G or not.

Only if you are a strictly honest taxpayer who reports thigs that
can't be documented in the case of an audit.

Paul

#6

IMHO, 99.99% of players who win, and are paid in cash and DO NOT receive a
W2G, do not report those wins to IRS.

···

-----Original Message-----
From: pesach kremen [mailto:royalflush2…@…com]
Sent: Saturday, February 12, 2005 2:41 PM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Re: W2Gs on Cruise Ships

It really shouldn't make any difference. Any win is taxeable, whether you
receive a W2-G or not.

Yahoo! Groups Links

#7

When 99.99% of the American gambling public does not comply with the
law, you would think Congress or the IRS would take a look at
changing the rules. 99.99% of people gamble for fun and
entertainment and a sizable chunk of every dollar gambled goes to
local taxes in most places. Many people probably think they do not
owe tax when they have a net loss for the year, but those who don't
itemize may owe quite a bit. How many gamblers want to keep a
detailed gambling diary? My apologies to Jean Scott, but 99% of the
gambling public is not going to keep a diary.

Sorry about the rant, but the tax rules on gambling are unjust and
the lack of clear rules about what constitutes a session is a
disgrace to the American taxpayer.

Chris

IMHO, 99.99% of players who win, and are paid in cash and DO NOT

receive a

W2G, do not report those wins to IRS.

From: pesach kremen [mailto:royalflush2222@h…]
Sent: Saturday, February 12, 2005 2:41 PM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Re: W2Gs on Cruise Ships

It really shouldn't make any difference. Any win is taxeable,

whether you

···

--- In vpFREE@yahoogroups.com, "vpvegas" <vpvegas@c...> wrote:

-----Original Message-----
receive a W2-G or not.

Yahoo! Groups Links

#8

There may be many that are dishonest in this manner, but I am sure that many take their responsibilties of properly paying all taxes due seriously. Of course they also take any legitimate deductions against them as well (losses).

···

From: "vpvegas" <vpvegas@charter.net>
Reply-To: vpFREE@yahoogroups.com
To: <vpFREE@yahoogroups.com>
Subject: RE: [vpFREE] Re: W2Gs on Cruise Ships
Date: Sat, 12 Feb 2005 20:48:25 -0600

IMHO, 99.99% of players who win, and are paid in cash and DO NOT receive a
W2G, do not report those wins to IRS.

-----Original Message-----
From: pesach kremen [mailto:royalflush2…@…com]
Sent: Saturday, February 12, 2005 2:41 PM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Re: W2Gs on Cruise Ships

It really shouldn't make any difference. Any win is taxeable, whether you
receive a W2-G or not.

Yahoo! Groups Links

#9

I agree. Furthermore,when was the last time the w2G limit was increased? Its been $1,200 for at least 10 years. Also, the fact that if you dont itemize, you cant even deduct losses is more ridiculous and unfair.

When 99.99% of the American gambling public does not comply with the
law, you would think Congress or the IRS would take a look at
changing the rules. 99.99% of people gamble for fun and
entertainment and a sizable chunk of every dollar gambled goes to
local taxes in most places. Many people probably think they do not
owe tax when they have a net loss for the year, but those who don't
itemize may owe quite a bit. How many gamblers want to keep a
detailed gambling diary? My apologies to Jean Scott, but 99% of the
gambling public is not going to keep a diary.

Sorry about the rant, but the tax rules on gambling are unjust and
the lack of clear rules about what constitutes a session is a
disgrace to the American taxpayer.

Chris

IMHO, 99.99% of players who win, and are paid in cash and DO NOT

receive a

W2G, do not report those wins to IRS.

From: pesach kremen [mailto:royalflush2222@h…]
Sent: Saturday, February 12, 2005 2:41 PM
To: vpFREE@yahoogroups.com
Subject: RE: [vpFREE] Re: W2Gs on Cruise Ships

It really shouldn't make any difference. Any win is taxeable,

whether you

receive a W2-G or not.

Yahoo! Groups Links

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

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···

kcace1024 <cy4873@hotmail.com> wrote:
--- In vpFREE@yahoogroups.com, "vpvegas" <vpvegas@c...> wrote:

-----Original Message-----

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