Taxes

Filled out all my tax forms today. Joy.

Was made more complicated by the fact that I'm currently being audited, which is a shitload of fun, in case you were wondering. Actually the IRS doesn't call it audited. They just sent me a "proposed readjustment" for the 2006 tax year, where I owed them another $3700. The basic premise was that they didn't believe that the money I won gambling was really money I won gambling. Instead they decided that while I was in law school, I was running my own business. Which is ridiculous. But they're the IRS, so they can do whatever the fuck they want. But they assumed that because they didn't have anything from casinos stating that I'd won money there. But of course it was (almost) all online. So I had to prove to the government that I'd been online gambling. Which is a little strange. Also, it's somewhat difficult to do, since the online poker industry is like quasi-legitimate, and therefore it's not like they sent in W-2s. I did keep a bunch of old emails from AP when I cashed out, so those helped. Now I will hear back next month if they accept that I really was online gambling. If they don't, I don't know what happens next.

So in order to get my taxes in line with what my accountant said, and hopefully not get audited again, everything got divided into gambling wins and gambling losses, and was also separated by when I was in law school and when I wasn't. Annoying. Also, I have to pay social security and all that shit now that I'm self-employed. It was cheaper to be in law school. Of course law school was costing me $20k a year between tuition and books and everything, so that's not really true.

Still basically on break I guess, got soccer tonight so won't really be playing tournaments. My volume has been really low lately. Tomorrow will be definitely be a full day of poker, time to get it back going again.

Things I've been meaning to write about: live poker, the WSOP, my choice of MTTs and virtual abandonment of SNGs, cash game play, moving up levels in MTTs. Probably some other things too, but just listing those so I remember to get back to them.