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#21
10-29-2005, 05:24 PM
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Re: KaneKungFu123\'s site
Kane-
I noticed you were planning on taking the 80k FEI exemption. How do you get around getting gambling winnings exempted as foreign earned income? I may be moving overseas as well if there is a legal way to do this. Thanks. 
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#23
10-29-2005, 05:59 PM
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Re: KaneKungFu123\'s site
[ QUOTE ]
assuming hes going to declare professional status [/ QUOTE ] Yeah, even as a professional, it still is gambling income. I haven't been able to get a clear answer from anyone about how this will fly with the IRS, and my assumption is that it wouldn't go over well, but I'm hoping Kane knows something I don't.
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#24
10-29-2005, 07:38 PM
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Re: KaneKungFu123\'s site
[ QUOTE ]
Yeah and I almost bought some poker books the other day but they cost $20 and that is just not worth it... [/ QUOTE ] No. They actually charge a $50 "Signup Fee" along with the $20 normal charge. I'm not paying $70 dollars to watch a bunch of guys kill high stakes cash games.
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#25
10-29-2005, 08:15 PM
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Re: KaneKungFu123\'s site
$50 signup fee? Jesus
Ok I take back what I said then. Sorry.
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#26
10-29-2005, 08:51 PM
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Re: KaneKungFu123\'s site
That doesn't seem like that much to me.
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#28
10-30-2005, 12:42 AM
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Re: KaneKungFu123\'s site
[ QUOTE ]
$50 signup fee? Jesus Ok I take back what I said then. Sorry. [/ QUOTE ] $70 for some videos is way too much for me. That was my point. This also means my point was that it isn't too much for other people. Shut up immediately.
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#29
10-30-2005, 12:55 AM
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Re: KaneKungFu123\'s site
[ QUOTE ]
[ QUOTE ] Yeah and I almost bought some poker books the other day but they cost $20 and that is just not worth it... [/ QUOTE ] No. They actually charge a $50 "Signup Fee" along with the $20 normal charge. I'm not paying $70 dollars to watch a bunch of guys kill high stakes cash games. [/ QUOTE ] I only saw 5/10 listed?
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#30
10-30-2005, 01:01 AM
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Re: KaneKungFu123\'s site
[ QUOTE ]
[ QUOTE ] assuming hes going to declare professional status [/ QUOTE ] Yeah, even as a professional, it still is gambling income. I haven't been able to get a clear answer from anyone about how this will fly with the IRS, and my assumption is that it wouldn't go over well, but I'm hoping Kane knows something I don't. [/ QUOTE ] There is no clear answer, http://forumserver.twoplustwo.com/sh...v=#Post3373492
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