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gh2009
Stakes Horse
Posts: 1605
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October 22, 2024, 01:52:39 PM »
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Sound off !
Trigger
:
Only for an audit anyway!
Today
at 05:58:03 PM
Trigger
:
Well done MTP, it's like a second score. Nowadays many people swipe theri rewards card, those ain't good tix to use btw
Today
at 05:56:56 PM
MTP1972
:
The year I hit that ticket for $5500 which they took out 31% at the window my income was very low that year so I did get back all of it as a refund.
Today
at 05:17:05 PM
MTP1972
:
I never had enough deductions to itemize so even if I was able to claim my losses it only would have been a small percentage. Thankfully the IRS finally changed the law regarding taxable tickets.
Today
at 05:03:53 PM
MTP1972
:
One year a long time ago I cashed IRS tickets for some people totaling around $40,000 making around $4000 doing so. I picked up thousands and thousands in losing tickets, kept programs and a daily log of how I did. When I filed my tax return that year and claimed them as losses I was audited by some old fart who didn't know shit. At the end of the audit he said I showed enough proof I lost the money back and he'd submit it in his report. 6 months later I get a notice from IRS saying my proof wasn't good enough and included a tax bill of $12,000, which I never paid because after 10 years they forgave it. Unforunately my state piggybacked on it and sent me a tax biil for $3200 which I disputed and they kept adding on interest and late fees. Finally 2 years later my bill was up to $8000 and they sent a wage attachment to my employer si I got fucked big time.
Today
at 04:58:54 PM
Trigger
:
Nic with losing tics all that irs comes back home.
Today
at 04:50:06 PM
MTP1972
:
Back at Garden State Harness I hit an $11,000 trifecta for a $1 on a horse, Speedy Wright, driven by Mark Kesmodel paid $11 to win. The exacta paid $60 but a real bomb finished 3rd. Unforunately at that time if your winnings were over $5000 they automatically took out 28% + another 3% for NJ State Tax leaving me with only $3800 from a $5500 ticket.
Today
at 04:37:04 PM
Trigger
:
On 9/14/91 Yonkers Race 6 I bet a pick 4, put $80 in. I used like 6 in the first leg, like a perceived dummy as 1/5 shot won. I hit it and it paid @$9k. The storyis in the trivia thread here. Not my biggest score ever, but craziest for sure.
Today
at 04:29:47 PM
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