Forum: Two Plus Two Internet Magazine
12-17-2005, 03:35 PM
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Replies: 23
Views: 244
Re: Clarifications about Tax
Oops. What I should have said is that you can't "net" wins and losses unless you're a professional; not that you can't itemize.
-- Russ
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Forum: Two Plus Two Internet Magazine
12-15-2005, 10:16 PM
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Replies: 23
Views: 244
Re: Clarifications about Tax
I strongly suggest you talk to a professional tax preparer who can starighten out your errors, including:
(1) You must pay taxes on all of your income; if you earn $10 playing poker, you must...
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Forum: Mid-, High-Stakes Pot- and No-Limit Hold'em
12-01-2005, 10:30 PM
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Replies: 171
Views: 843
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Forum: Mid-, High-Stakes Pot- and No-Limit Hold'em
12-01-2005, 10:26 PM
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Replies: 171
Views: 843
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Forum: Mid-, High-Stakes Pot- and No-Limit Hold'em
11-30-2005, 10:24 PM
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Replies: 136
Views: 436
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Forum: Two Plus Two Internet Magazine
11-30-2005, 03:34 PM
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Replies: 22
Views: 110
Re: new to both taxes and poker
Gambling losses never carry over from one year to the next, even for professionals. You may only claim gambling losses up to the amount of your winnings in any given year.
-- Russ Fox, EA
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Forum: Two Plus Two Internet Magazine
11-23-2005, 12:18 PM
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Replies: 46
Views: 219
Re: Paying taxes on Poker Winnings...
Tax law is quite clear about this. Title 26 of the United States Code, and the regulations promulgated under the Code, require all Americans to include all sources of income, whether legal or...
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Forum: Mid-, High-Stakes Pot- and No-Limit Hold'em
11-22-2005, 11:59 PM
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Replies: 62
Views: 317
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Forum: Two Plus Two Internet Magazine
11-21-2005, 04:08 PM
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Replies: 22
Views: 110
Re: new to both taxes and poker
I wrote an article about the definition of a session. It's available here (http://www.gambling-law-us.com/Articles-Notes/Gambling-Session.htm) on Chuck Humphrey's gambling law website.
Russ Fox
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Forum: Mid-, High-Stakes Pot- and No-Limit Hold'em
11-17-2005, 11:44 PM
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Replies: 167
Views: 856
Re:$200 NL
It's why this game *is* beatable. The $200 (and $100) nlhe shouldn't be beatable, based on the rake, and the blinds/buy-in ratio. But the overall quality of play is bad, and this allows good...
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Forum: Mid-, High-Stakes Pot- and No-Limit Hold'em
11-17-2005, 10:48 PM
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Replies: 167
Views: 856
Re: andrew
slow playing = death in restricted buy-in nlhe
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Forum: Televised Poker
10-27-2005, 09:27 PM
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Replies: 117
Views: 2,062
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Forum: Televised Poker
09-20-2005, 09:56 PM
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Replies: 79
Views: 356
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Forum: Televised Poker
09-02-2005, 11:35 PM
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Replies: 106
Views: 468
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Forum: Televised Poker
09-02-2005, 11:30 PM
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Replies: 106
Views: 468
Re: \"Official\" Live at the Bike thread (9/2)
That play wasn't tight, it was stupid. An action-killing card; it can't hurt to throw some money in the pot there....
And there are plenty of tighter players than I am at the Bike. There's a...
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Forum: Televised Poker
09-02-2005, 11:25 PM
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Replies: 106
Views: 468
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Forum: Books and Publications
08-31-2005, 05:30 PM
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Replies: 15
Views: 131
Re: USA TODAY on Poker Books
Publisher's Weekly had as their cover story, "Publishers are Betting on Poker" in their August 15th issue (written by Timothy Peters). The article is not available on their website (unless you're a...
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Forum: Televised Poker
08-20-2005, 12:26 AM
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Replies: 128
Views: 544
Re: \"Official\" Live at the Bike thread (8/19)
cutoff = seat one to the right of button
redraw = say, I have a pair, and you have a flush draw. I can have a *redraw* for (say) a straight. It's a way of improving my hand.
Variance = the...
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Forum: Televised Poker
08-19-2005, 11:11 PM
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Replies: 128
Views: 544
Re: Answer question:
No 30 minute massage = $30 Russ saves, and those $30 adds up over time.
Heh, I'm an accountant. That makes sense!
-- Russ Fox (Planning on going to the Bike tomorrow....)
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Forum: Televised Poker
08-19-2005, 10:51 PM
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Replies: 128
Views: 544
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Forum: Televised Poker
08-19-2005, 10:49 PM
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Replies: 128
Views: 544
the straight
Easy 9-high can't be made (you'll have a 10-high)
Russ Fox
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Forum: Televised Poker
07-30-2005, 10:00 PM
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Replies: 76
Views: 352
Sergei Story
From August of last year. I sit down in a $100 nlhe at the Bike and Sergei is sitting next to me. He mutters in Russian about his bad beats. He sees my BARGE chip protector and starts swearing in...
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Forum: Televised Poker
07-30-2005, 09:45 PM
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Replies: 76
Views: 352
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Forum: Books and Publications
07-30-2005, 03:10 PM
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Replies: 1
Views: 84
Re: 2 books: WPT - Making the Final Table
I believe the first book (Erick Lindgren's) is being ghost-written by Matt Matros. The second book (Jennifer Harmon's) will not be out until March 2006.
-- Russ Fox
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Forum: Televised Poker
07-30-2005, 12:59 AM
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Replies: 121
Views: 513
Re: \"Official\" Live at the Bike thread (7/29)
My book is intended for the restricted and low buy-in games. If playing against sane players, it's not of much use for this game (unrestricted buy-in). Of course, when you're playing against people...
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