milwaukee mike Posted March 5, 2016 Report Share Posted March 5, 2016 Also remember you talking about the non business bad debt, but never pursued that the year tuckman was stiffing as there was no way i wanted to explain that fiasco to anyone and prove it. just write "tuckman" or "brock landers" on the form and irs will know that you were stiffed Quote Link to comment Share on other sites More sharing options...
timetopay Posted March 5, 2016 Report Share Posted March 5, 2016 just write "tuckman" or "brock landers" on the form and irs will know that you were stiffed Lol Mike I bought a small agency this year. How does that work on writing it off? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 5, 2016 Report Share Posted March 5, 2016 Lol Mike I bought a small agency this year. How does that work on writing it off? when you're BUYING someone you want to buy equipment (because then you can write it off quickly)... if you're buying "intangibles" like goodwill, client list, etc then you get stuck writing it off over 15 years. i've been in some fun buyout discussions, because the person SELLING always wants to sell intangibles and get paid over time (preferential tax treatment) and the person BUYING doesn't want to buy any intangibles and wants to pay now Quote Link to comment Share on other sites More sharing options...
Hedge Posted March 5, 2016 Author Report Share Posted March 5, 2016 I haven't done my 2015 taxes yet. So can I claim the $7000 1-Vice stiffing against my winnings for 2015? Or do I have to apply the 7k theft to possible 2016 winnings? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 5, 2016 Report Share Posted March 5, 2016 I haven't done my 2015 taxes yet. So can I claim the $7000 1-Vice stiffing against my winnings for 2015? Or do I have to apply the 7k theft to possible 2016 winnings? those non-business bad debts are limited to your basis in the theft (so you would have to stick 7000 in first) and it's only deductible in the year you reasonably assumed it to be worthless, which i'm guessing is 2016 Quote Link to comment Share on other sites More sharing options...
timetopay Posted March 5, 2016 Report Share Posted March 5, 2016 when you're BUYING someone you want to buy equipment (because then you can write it off quickly)... if you're buying "intangibles" like goodwill, client list, etc then you get stuck writing it off over 15 years. i've been in some fun buyout discussions, because the person SELLING always wants to sell intangibles and get paid over time (preferential tax treatment) and the person BUYING doesn't want to buy any intangibles and wants to pay nowYeah can see that. What I bought is accounts of couple hundred clients that pay commissions and he got bought out. So not really a client list but maybe. 15 years blows if that's the case Quote Link to comment Share on other sites More sharing options...
Jizz_Volcano Posted March 5, 2016 Report Share Posted March 5, 2016 Choking on tomorrows glass is full.........today. Quote Link to comment Share on other sites More sharing options...
Hedge Posted March 5, 2016 Author Report Share Posted March 5, 2016 those non-business bad debts are limited to your basis in the theft (so you would have to stick 7000 in first) and it's only deductible in the year you reasonably assumed it to be worthless, which i'm guessing is 2016Damn, can't win for losing. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 6, 2016 Report Share Posted March 6, 2016 Take things to good will..ask for receipt. 95 percent of time they hand you a blank one Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 6, 2016 Report Share Posted March 6, 2016 Take things to good will..ask for receipt. 95 percent of time they hand you a blank one correct... but i suggest filling it in while it's fresh in your memory, or taking a picture most people are somewhat honest and probably forget some of the stuff they gave, i'm guessing most put down less than they should rather than more Quote Link to comment Share on other sites More sharing options...
richsox24 Posted March 8, 2016 Report Share Posted March 8, 2016 These guys are relentless. Got another emailing fishing for deposits...all the while they're still stiffing at least one guy for 7k. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 8, 2016 Report Share Posted March 8, 2016 Serious question Rich If 1Vice currently doesn't have the funds to pay all players in full in one fell swoop, but does want to be able to in time pay all the players, how would you suggest they do so without moving forward and continuing to take deposits and accept wagers? Quote Link to comment Share on other sites More sharing options...
Smoke Posted March 8, 2016 Report Share Posted March 8, 2016 Here are the current offers for you to reload your account with us today. For any deposit of $100 or more you can have; 50% freeplay bonus 5x rollover or 100% freeplay 10x rollover For any deposit of $500 or more you can have; 150% freeplay 15x rollover Please respond here if interested? Thanks Griffin Quote Link to comment Share on other sites More sharing options...
richsox24 Posted March 8, 2016 Report Share Posted March 8, 2016 Serious question Rich If 1Vice currently doesn't have the funds to pay all players in full in one fell swoop, but does want to be able to in time pay all the players, how would you suggest they do so without moving forward and continuing to take deposits and accept wagers?If they are taking in new deposits in order to pay current balances, its an upside down ponzi scheme...and its basically leading new depositors into disaster. If a book doesn't have the dough to cover all (free and clear) balances (ie full tilt poker, betislands), then they absolutely should not be looking for more suckers (customers). But lets assume they have the best of intentions and are looking for more deposits to cover old debts and are trying to right the ship and work their way back, why haven't they contacted hedge and any others that had to give away half their balance in order to get paid something. This new money coming in should be going to cover that, no? Quote Link to comment Share on other sites More sharing options...
easy does it Posted March 8, 2016 Report Share Posted March 8, 2016 1vice has been a ponzi scheme all along to begin with. Over the years everytime they needed new deposits they upped there bonuses and promotions to get new deposits in. I was part of there bowl tournament a couple years ago and that alone got them like 50-60 deposits alone with a decent rollover so they can hold on to the money for a while. Every time they need money to pay players out they simply offer a more enticing promo to get money in and its a never ending cycle until the deposits stop coming in and they can't pay, which already has happened and will happen again if Griffin keeps making the same mistakes. Also can someone confirm current payout times if you make a deposit now and take a bonus? AB is offering same day p2p is 1vice anywhere near that? Last I checked they were quoting between 7-15 business days. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 8, 2016 Report Share Posted March 8, 2016 If they are taking in new deposits in order to pay current balances, its an upside down ponzi scheme...and its basically leading new depositors into disaster. If a book doesn't have the dough to cover all (free and clear) balances (ie full tilt poker, betislands), then they absolutely should not be looking for more suckers (customers). But lets assume they have the best of intentions and are looking for more deposits to cover old debts and are trying to right the ship and work their way back, why haven't they contacted hedge and any others that had to give away half their balance in order to get paid something. This new money coming in should be going to cover that, no? if someone agreed to take 5k now on a 12k balance, instead of having to roll the 12k over 10 times, then why would 1vice/ab pay them the rest? that would be a slap in the face to those that have to roll it over not saying this was the case with hedge because he might not have been allowed to keep playing, but it's the case with some and most places don't have the funds to cover all balances, if everyone went to chase and asked for a withdrawal it couldn't happen Quote Link to comment Share on other sites More sharing options...
WVU Posted March 8, 2016 Report Share Posted March 8, 2016 current players who were moved over and allowed to bet with the new software are limited to $500 monthly withdrawals from my understanding Quote Link to comment Share on other sites More sharing options...
plommer Posted March 8, 2016 Report Share Posted March 8, 2016 and most places don't have the funds to cover all balances, if everyone went to chase and asked for a withdrawal it couldn't happen Nitrogen is one book that does. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 8, 2016 Report Share Posted March 8, 2016 if someone agreed to take 5k now on a 12k balance, instead of having to roll the 12k over 10 times, then why would 1vice/ab pay them the rest?egg zact lee people purr plex me. The book fucked up. Ask them they will tell you so. Cant change the past, what is done is done. So rather than simply skipping town with the 100k of balances they did have when it became obvious they were fucked, they stay the course, try to make good the best they can on debt. Only able to do that by continuing to take wagers and deposits like they have for 5 years, and people bitch about that. amazing to watch human nature at it's finest. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 8, 2016 Report Share Posted March 8, 2016 Nitrogen is one book that does. what are their current balances? Quote Link to comment Share on other sites More sharing options...
richsox24 Posted March 8, 2016 Report Share Posted March 8, 2016 if someone agreed to take 5k now on a 12k balance, instead of having to roll the 12k over 10 times, then why would 1vice/ab pay them the rest? that would be a slap in the face to those that have to roll it over not saying this was the case with hedge because he might not have been allowed to keep playing, but it's the case with some and most places don't have the funds to cover all balances, if everyone went to chase and asked for a withdrawal it couldn't happen current players who were moved over and allowed to bet with the new software are limited to $500 monthly withdrawals from my understandingBoth these posts are why you have to be nuts to deposit any new money here. Say i deposit 500-1000 and get on a nice run and build it to 4k. What are my 2 options, either settle for 40c on the dollar and get $1600 for my 4k balance, Or option 2, wait 8 months to get paid 4k. Either option sucks. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 8, 2016 Report Share Posted March 8, 2016 I believe (but don't know) that any new deposits into accounts if requesting a payout will be assured by AB to be done as they always were done prior to the last few mths Quote Link to comment Share on other sites More sharing options...
richsox24 Posted March 8, 2016 Report Share Posted March 8, 2016 egg zact lee people purr plex me. The book fucked up. Ask them they will tell you so. Cant change the past, what is done is done. So rather than simply skipping town with the 100k of balances they did have when it became obvious they were fucked, they stay the course, try to make good the best they can on debt. Only able to do that by continuing to take wagers and deposits like they have for 5 years, and people bitch about that. amazing to watch human nature at it's finest.Boat, if they were settling everyones acct 100%, even at only $500/month, that would be one thing. But people who have no history of lying are claiming they are losing 60% of their free and clear balance just in order to receive anything Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted March 8, 2016 Report Share Posted March 8, 2016 what people? or is it a single person (hedge) ? Quote Link to comment Share on other sites More sharing options...
Deemer Posted March 8, 2016 Report Share Posted March 8, 2016 I'd venture to say 1V promos are targeting the inept bettor. Someone who doesn't know of difficulties Quote Link to comment Share on other sites More sharing options...
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