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Biggest score of my life tonight...

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  1. I Fold I Fold is offline

    Newport Beach, CA
    United States

    Posts: 2,589
    Joined: Jun 05

    Nov 5th, 2007 (11/5/2007 12:14am)

    2nd in the 200K on UB for 27K. Sattied in for 50 bucks......Ipoker

    Anyone have Jacob the Jewlers #?

    Seriously I dont know the best way to pull it out? Any legislatively friendly suggestions?

    Wes
  2. railbot railbot is offline

    Miami, FL
    United States

    Posts: 5,255
    Joined: Oct 07

    Nov 5th, 2007 (11/5/2007 12:18am) in reply to I Fold

    Buy a property,
    or first fix your credit and i can show you how to get a sick home loan program.
    eaisest way to get a bank to lend you money is BUY A HOME..

    get them to send you a check, i guess take a week off work and drink like a fish.
  3. darkcheck_ darkcheck_ is offline

    Costa Rica

    Posts: 5,007
    Joined: Jan 06

    Nov 5th, 2007 (11/5/2007 12:20am) in reply to I Fold

    send me my 10k :/

    congrats u played pretty good
     
  4. I Fold I Fold is offline

    Newport Beach, CA
    United States

    Posts: 2,589
    Joined: Jun 05

    Nov 5th, 2007 (11/5/2007 12:21am) in reply to darkcheck_

    Thx Dark!

    U did too!!!
    Thread Starter
  5. ihaterats ihaterats is offline

    Anonymous Proxy

    Posts: 18,088
    Joined: Oct 05

    Nov 5th, 2007 (11/5/2007 12:27am) in reply to I Fold

    Good work, well done, congrats
  6. I Fold I Fold is offline

    Newport Beach, CA
    United States

    Posts: 2,589
    Joined: Jun 05

    Nov 5th, 2007 (11/5/2007 12:27am) in reply to ihaterats

    TYTY
    Thread Starter
  7. New Shawboy New Shawboy is offline

    Springfield, MA
    United States

    Posts: 496
    Joined: Jul 07

    Nov 5th, 2007 (11/5/2007 12:32am) in reply to I Fold

    Congratulations. Very nice score!
     
  8. The_matrix The_matrix is offline

    Orange, CT
    United States

    Posts: 1,221
    Joined: Mar 07

    Nov 5th, 2007 (11/5/2007 12:33am) in reply to I Fold

    congrats on the win.

    The best way to pull it out is right before u feel urself about to blow.
  9. Not In Class Not In Class is offline

    Manvel, TX
    United States

    Posts: 383
    Joined: Aug 07

    Nov 5th, 2007 (11/5/2007 2:18am) in reply to I Fold

    IMMEDIATELY 6-table $10/$20
    then wake up tomorrow and cash out the $245.68 that you have left and buy some new shoes at the mall

    congrats on the score!
  10. Lenny Lenny is offline lail henny!

    Nashville, TN
    United States

    Posts: 8,790
    Joined: Nov 05

    Nov 5th, 2007 (11/5/2007 2:46am) in reply to I Fold

    Congrats!
  11. Jack_Ace75 Jack_Ace75 is offline

    Washington, DC
    United States

    Posts: 1,483
    Joined: Aug 05

    Nov 5th, 2007 (11/5/2007 10:16am) in reply to Lenny

    SERIOUSLY THOUGH, I WOULD NOT STEP MY FOOT IN HIS STORE, EVER, NO MATTER HOW MUCH DOUGH I'D HAVE...I GUESS YOU DIDN'T READ THE NEWS RECENTLY, BUT HE'S GOING TO GET LOCKED UP FOR DEALING HEAVY DRUGS AND BEING INVOLVED IN MONEY LAUNDERING (AS IN TENS OF MILLIONS).....PLEASE INVEST YOUR MONEY IN A BETTER WAY....NOW SEND ME $100 FOR THE NEWS lol

    http://www.eurweb.com/story/eur38180.cfm
  12. Jack_Ace75 Jack_Ace75 is offline

    Washington, DC
    United States

    Posts: 1,483
    Joined: Aug 05

    Nov 5th, 2007 (11/5/2007 10:18am) in reply to Lenny

    FORGOT TO ADD THAT YOU WILL ALWAYS BE ABLE TO WITHDRAW THAT MUCH MONEY, JUST PAY THE APPROP. TAXES AND YOU WON'T HAVE TO WORRY IN THE FUTURE...AKA MAKE YOU SLEEP A LOT BETTER.
  13. kowboy8686 kowboy8686 is offline

    Saint Cloud, FL
    United States

    Posts: 6,648
    Joined: Aug 07

    Nov 5th, 2007 (11/5/2007 10:34am) in reply to I Fold

    gj bro!!!!!!
  14. Imustcall Imustcall is offline

    Jacksonville, FL
    United States

    Posts: 1,224
    Joined: Aug 06

    Nov 5th, 2007 (11/5/2007 10:55am) in reply to kowboy8686

    Pull it out in smaller checks of 3-5K. Or move it to other sites through epassporte and start balling.

    Congrats.
  15. StLouisNate StLouisNate is offline

    Peoria, IL
    United States

    Posts: 142
    Joined: Jul 07

    Nov 5th, 2007 (11/5/2007 11:19am) in reply to Imustcall

    This could be semantics but it's a curiosity I have regarding taxes and online poker....

    Take this 10K win. If you NEVER took it out of your poker account, if it never became 'real money' do you have to declare it as income?

    I guess my question would have to do with end of year scores. If you took down the Sunday Million the first weekend of December, could you, without legal consequences, leave your winnings in your PStars account, and transfer them out January 1, 2008? And if you did, would you not be obligated to file your winnings/pay your taxes until 4/15/2009?

    I'm just curious about some of the nuts and bolts on questions like this, but I'm sure it's all very gray.

    Probably time for P5s to put together a series on financial planning on a poker budget, for low to high stakes pros.
  16. stevek173 stevek173 is offline

    Port Matilda, PA
    United States

    Posts: 715
    Joined: Jan 07

    Nov 5th, 2007 (11/5/2007 12:12pm) in reply to StLouisNate

    I would pull out of Epassporte in $4500 chunks. They give you shit if your account with them goes over $5k.
    definitely declare for tax purposes.
    Prob a break would be good, I prefer one after a huge rush and more so after a huge loss (cash game speaking).
    Congrats!
    I like the advice people gave you regarding real estate.
    You could do what I did when I had when I got my biggest score and if you are in a serious relationship buy an engagement ring. Sounds cheesy, but hey man - it's a lifetime pass if your woman isn't into poker!
    -Steve
  17. pugs39 pugs39 is offline

    Mississauga
    Canada

    Posts: 57
    Joined: Oct 07

    Nov 5th, 2007 (11/5/2007 12:34pm) in reply to I Fold

    Congrats!! I would take $20k out pay off any outstanding bills or buy something you have been after.
  18. TheJRUNABOMBER TheJRUNABOMBER is offline

    Tempe, AZ
    United States

    Posts: 104
    Joined: Oct 06

    Nov 5th, 2007 (11/5/2007 12:36pm) in reply to The_matrix

    hahah that is 99% effective
  19. Jack_Ace75 Jack_Ace75 is offline

    Washington, DC
    United States

    Posts: 1,483
    Joined: Aug 05

    Nov 5th, 2007 (11/5/2007 12:59pm) in reply to pugs39

    you obviously would want to invest in a "Grill"....go check out Paul Wall man....he's got a great selection to choose from....or ask Lilholdem where he got his from.....with a platinum/dimond grill you'll bite through just about anything, even steel bars!
  20. Marlow Marlow is offline

    Herndon, VA
    United States

    Posts: 26
    Joined: Feb 06

    Nov 5th, 2007 (11/5/2007 1:12pm) in reply to StLouisNate

    I could give you a long winded answer, but I doubt you are looking for a cure for insomnia. In short, the win is income in the year it is earned because you have control over the funds. (i.e. to use in other tournaments, withdrawls, transfers to other players etc.) For more info look at the Tax Q&A section listed under Content.
  21. StLouisNate StLouisNate is offline

    Peoria, IL
    United States

    Posts: 142
    Joined: Jul 07

    Nov 5th, 2007 (11/5/2007 1:15pm) in reply to Jack_Ace75

    Also, apparently donating it all to Ron Paul is a good idea?
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