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The Poker Legislation Forum, Brought to You by the PPA Discussions of various poker-related laws and steps players can take to push for better laws.

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Old 02-22-2014, 12:25 AM   #586
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Re: Full Tilt Poker claims remission discussion

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Originally Posted by GRINDINGwCHANGE View Post
Does anyone know what the tax on this would be for tax season filings??? Thanks
Here's a link to an interview I did with CardPlayer on this issue. And here's a short post I wrote tonight on the same subject.

-- Russ Fox
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Old 02-22-2014, 09:40 AM   #587
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Re: Full Tilt Poker claims remission discussion

Got an e-mail this morning saying my bank info was wrong. I could go back and fix it, but if I don't by March 13, they'll send me a check.

I wasn't sure I put the right routing number on there the first time. I might have used the "wire" number instead of the other one, so I just resubmitted. They cleared my original info, so I couldn't tell.

At least we have checks as a backup plan.

Last edited by Stinky Stu; 02-22-2014 at 09:58 AM.
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Old 02-24-2014, 12:57 PM   #588
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Sounds like the end of the week for those approved according to the update on http://fulltiltpokerclaims.com/
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Old 02-24-2014, 02:22 PM   #589
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Re: Full Tilt Poker claims remission discussion

I was one of the people that had the banking error. I saw the new press release on the FTPclaims site and can someone clarify for me, whether people that had to resubmit their information with banking errors will be in the first or second round of payments?

Below is what's on the website
As part of the normal bank account testing conducted prior to issuing ACH payments (as further described below), GCG has identified certain Petitioners who are approved for payment but who submitted account information that was either incomplete or incorrect. On February 21, 2014, GCG sent emails to all such Petitioners with instructions as to how to update their bank account information through the online filing site. Please note that if we do not receive updated, complete and accurate information by March 13, 2014, a check will be sent to the mailing address provided with the Petition. Petitioners contacted by GCG in connection with their bank account information will receive payment in the second round of payments. If any such Petitioners have questions about this process, please contact GCG.

Edit: It seems to be the second round of payments. When will that be?
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Old 02-24-2014, 02:33 PM   #590
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Re: Full Tilt Poker claims remission discussion

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Originally Posted by GRINDINGwCHANGE View Post
Edit: It seems to be the second round of payments. When will that be?
From posts in NVG, it seems that second round will be about a week later. But that is not officially confirmed.
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Old 02-24-2014, 09:09 PM   #591
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Re: Full Tilt Poker claims remission discussion

I just got an e-mail notification saying I will be paid within 7 business days. Long time comin.
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Old 02-24-2014, 09:12 PM   #592
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Re: Full Tilt Poker claims remission discussion

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I just got an e-mail notification saying I will be paid within 7 business days. Long time comin.
same here, pretty psyched.
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Old 02-24-2014, 09:19 PM   #593
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Re: Full Tilt Poker claims remission discussion

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Originally Posted by Gospy View Post
I just got an e-mail notification saying I will be paid within 7 business days. Long time comin.
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Originally Posted by swc123 View Post
same here, pretty psyched.
I just saw this, so I checked my e-mail and I got the same thing 6 minutes ago.
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Old 02-24-2014, 10:28 PM   #594
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Re: Full Tilt Poker claims remission discussion

Yep, confirmed here too. Long day in the making!
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Old 02-24-2014, 11:10 PM   #595
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Re: Full Tilt Poker claims remission discussion

just got the good news email. nice.



[IMG]http://cdn.******************/instances/500x/43616766.jpg[/IMG]
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Old 02-24-2014, 11:30 PM   #596
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Re: Full Tilt Poker claims remission discussion

Got an email too.

The purpose of this email is to inform you that your Petition for Remission has been approved and you are entitled to receive a distribution from the assets forfeited in connection with United States v. PokerStars, et al., pending in the United States District Court for the Southern District of New York.

A payment in the amount of $XXXX will be paid electronically via ACH to the bank account that you specified in your Petition. This payment represents the full amount of your Full Tilt Poker Account Balance, which you confirmed on the Full Tilt Poker administration online filing site. Payment will be made within the next seven business days.

If you have any questions, you can call us toll-free at (866) 250-2640, email us at info@FullTiltPokerClaims.com, or write to us at Full Tilt Poker Claims Administration, c/o GCG, P.O. Box 9965, Dublin, Ohio 43017-5965. For additional information you may also visit the administration website at www.FullTiltPokerClaims.com.
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Old 02-25-2014, 01:24 AM   #597
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Re: Full Tilt Poker claims remission discussion

So they are paying in waves? So I should not be worried if I haven't received the email today?
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Old 02-25-2014, 01:31 AM   #598
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Re: Full Tilt Poker claims remission discussion

Just got the email as well

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Old 02-25-2014, 08:02 AM   #599
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Re: Full Tilt Poker claims remission discussion

Good information. Seems a bit crazy that they won't come straight out and say "no 1099s". I'd guess something like 99% of them would be wrong and it just doesn't seem to be appropriate to do such a thing. Could the PPA be involved in making sure this is handled properly? It would be a reasonably significant obstacle to make honest taxpayers suddenly have to contest a wrongfully submitted 1099.
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Old 02-25-2014, 11:16 AM   #600
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Re: Full Tilt Poker claims remission discussion

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Just got the email as well

+1. WITHIN 7 days could be today/tomorrow or this week!
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