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The Chip Board Archive 20

When I was in my Chip Heyday
In Response To: If you Know Tax Rules...... ()

~~~ without fail, I would be on the phone w/ the IRS talking blue-in-the-face; asking question after question; "What do I do w/ this?" and "Where do I apply that?" -- and in many cases making sure everything was documented (quarterly I would be in 3-way conversations lasting over 90-minutes). I was reporting every penny; cash sales at the FUN/ANA show and all cash during a few club conventions... The instructions they gave me could not be found (by me, anyway) anywhere in print... and my accountants (a father/daughter team) guaranteed me that I would never, ever be audited (except randomly) for being so honest w/ them.... More like being dumb, in my case. vbg

Those days have come to past, but during that 10-year period I was worry-free by simply doing what was right; like you said.

In other words; I know what all the IRS is and support them 100%... for I am convinced they are there to help.

Thank God for Walmart... The Banana is 44c this week... and though the Green Bell Peppers are no longer 50c each; they're $2.99 a pound in Publix... vbg

Messages In This Thread

"Don't risk an audit: Know Tax rules on gambling"
Re: "Don't risk an audit: Know Tax rules on gambli
If you Know Tax Rules......
When I was in my Chip Heyday

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