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    #16
    Casinos are giving people a year-end report of money in and money out to show they lost.
    When they give a W2G they now tell them they don't need to have withholding due to the new IRS rules that you can net your income.
    So add that to the list of tax experts.
    JG

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      #17
      No Way!

      Originally posted by JG EA View Post
      Casinos are giving people a year-end report of money in and money out to show they lost.
      When they give a W2G they now tell them they don't need to have withholding due to the new IRS rules that you can net your income.
      So add that to the list of tax experts.
      That beats all...
      "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

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        #18
        Friday the 13th Part III

        I have missed two calls from a gal who owes, and has not picked up. Her messages sound desparate. I call her back.

        Gal: "If I mail the check to IRS Tuesday, will it clear my bank before Friday?"

        And, you know, when a person asks something stupid, they frequently follow it up. So, then she admits: "I've known this way coming, and I have the money in my savings account, I just can't get to the bank before Friday."
        Last edited by RitaB; 04-13-2012, 09:34 AM.
        If you loan someone $20 and never see them again, it was probably worth it.

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          #19
          Originally posted by RitaB View Post

          If I mail the check to IRS Tuesday, will it clear my bank before Friday?

          I just can't get to the bank before Friday.
          Playing this movie out, her check bounces, and then what?

          Had this in my collection of "Bad Questions" yesterday, and wasn't sure what to tell the client. She found out from her bank the check was returned NSF. Wasn't sure if she should send another check before Tuesday, or if IRS will try a re-deposit.

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            #20
            Not sure

            Originally posted by BP. View Post
            Playing this movie out, her check bounces, and then what?
            Not sure, but I guarantee you she will call me when whatever it is happens. Sigh.
            If you loan someone $20 and never see them again, it was probably worth it.

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              #21
              Originally posted by BP. View Post
              Playing this movie out, her check bounces, and then what?

              Had this in my collection of "Bad Questions" yesterday, and wasn't sure what to tell the client. She found out from her bank the check was returned NSF. Wasn't sure if she should send another check before Tuesday, or if IRS will try a re-deposit.
              I think the days of "re-deposit" are long gone. When they bounce, there is no "running back through."

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                #22
                john

                get out of the way everyone JOHN is on a roll.....

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