Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


View Single Post
Old 12-18-2012, 10:47 AM   #10
Robert Goren
Racing Form Detective
 
Robert Goren's Avatar
 
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
IRS auditors do not flag tax returns. The IRS computers do. Human eyes do not even see most tax returns. Supervisors then decide which flagged tax returns to audit and then assign it to an auditor. The auditor may or may not be a rookie. One thing is for sure, the auditor you see did not make the decision to audit you. That decision was made way further up the food chain. Very few people( probably less than a dozen) know for sure what will get a tax return flagged by the computer, but from I know about it, gambling income of any kind dramatically increases your chances of being audited and trying to claim losses to off set some of your winnings increases it even more. Trying to claim losses to off set all your winning practially makes an audit a sure thing. As with any taxpayer, the higher your income, the more likely you are to be audited. These facts are what I have learned from my sister-in-law, a retired IRS auditor of over 30 years.
It must source of great joy to pull out your court decision and spring it on an unsuspecting IRS auditor. I know it would be for me. I love gotta moments when I am on the right side of them.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
Robert Goren is offline   Reply With Quote Reply
 
» Advertisement
» Current Polls
Wh deserves to be the favorite? (last 4 figures)
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 01:01 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.