IRS and Win/Loss Statements

[backsider]

[QUOTE=backsider]

Im considered a graduating novice on this subject, but man, there sure are some UNINFORMED AND CONFUSED PEOPLE there are in this world. Even a doofus like me knows how obvious some of these things are!
   Am I the only one who read this post several times, even slowing down each time, trying to make grammatical sense of it?    Eduardo how much do you charge for those aluminum hats and do you make them in the shape of a sombrerro or a football helmet?[/QUOTE]

If you read it several times and only came away with a grammar issue, every time you use an atm you are scared the IRS is sent a copy That might be par for the course for the apologist group here.

[BillyJoe]

Sorry.  It should go without saying that you give them NOTHING they don't specifically ask for.  And even if they ask for it, one doesn't necessarily have it.

And if they're just requesting information and haven't actually opened an examination, I don't know that I'd send them squat.

Well, Quad, the letter I received from the IRS basically said "show me why you are claiming $xxx on Schedule A as gambling losses to offset your gambling gains as reported on your W2Gs". I would think that it would be prudent to give them SOMETHING, or they can just deny my loss claim outright, putting me on the hook for taxes on the W2G wins. I don't think ignoring the request is an option.   

[backsider]

If this is helpful, I've been audited once, by mail, on my gambling losses from Schedule A. They asked for support, and because I called my local IRS office for a meeting on what exactly that meant, I sent them my very detailed gambling log from each casino I visited. I've never even heard of casino won/loss statements until 2011. It all tied in, and the next letter I got said thank you and the issue was closed.

[Tedlark]

[QUOTE=Eduardo]


Wait a minute,  which institution gave you a grade high enough to graduate in this subject?


The University of Chihuahua. The grade came with dived green chilies and a can of vegetarian refried beans.

So nice to see you aroused by me again. We should meet up and have a wheelchair race. I have my handicap, you have yours.[/QUOTE]
   Eduardo I didn't know you used a wheelchair?

[Tedlark]

[QUOTE=Tedlark]
[QUOTE=backsider]

Im considered a graduating novice on this subject, but man, there sure are some UNINFORMED AND CONFUSED PEOPLE there are in this world. Even a doofus like me knows how obvious some of these things are!
   Am I the only one who read this post several times, even slowing down each time, trying to make grammatical sense of it?    Eduardo how much do you charge for those aluminum hats and do you make them in the shape of a sombrerro or a football helmet?[/QUOTE]

If you read it several times and only came away with a grammar issue, every time you use an atm you are scared the IRS is sent a copy That might be par for the course for the apologist group here.[/QUOTE]
   Backside, believe me when I say that I have come away with alot more than just grammer issues from your posts. As for my using atm's, I am quite comfortable with them actually and find them very handy. My point with the comment I made about them centered around the fact that nothing that is on an atm receipt: account balance; amount withdrawn; the limited account number; are all pieces of information that the IRS can get quickly anyway.    For an analyst it seems that you have issues with details.

[backsider]

Tedlark, the point about the atms & the IRS has only to do with the suggestion that they can get the info on them anyway. That's both true and false.

Everyone should know at least, that they do not receive any atm withdrawal information without the taxpayer providing it to them. How simple! From my discussion with my local office back home in Indiana in case the audit ever went to go further which thankfully it did not, if I was asked for banking information and declined to provide it, the IRS doesn't go scouring the system for them or magically push some button that makes the taxpayers records suddenly pop up in front of them. They just disallow, which in turn ups liability. Its really simple to understand.

Please stop with the negative stuff.

[shadowman]

 That's ...  doesn't ...


 
Double oops.

[backsider]

Shadow, now weve got you making fun of my grammar too? I dont try to use apostrophes on purpose here because I'm usually using devices that takes a double step to insert them. Grow up.

[shadowman]

Shadow, now weve got you making fun of my grammar too? I dont try to use apostrophes on purpose here because I'm usually using devices that takes a double step to insert them. Grow up.
 

Has nothing to do with grammar.

[Tedlark]

  backsider you politely asked me to stop the negative stuff and I will abide by your request if you follow the same.