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02-08-2014 , 08:40 PM

#51

BLEWJOB

centurion

Join Date: Jun 2009 Posts: 187

I PMed you but just gonna put it in both spots. I will take 9% of 2nd bullet also at 1.04. GL

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02-08-2014 , 09:27 PM

#52

chrisgardner

journeyman

Join Date: May 2009 Posts: 284

Cmonnn!!

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02-09-2014 , 02:29 AM

#53

pokerodox

The Situation

Join Date: Nov 2012 Posts: 4,889

Can I add the 0.5% for the second bullet? Not sure if Bergie is in, but would like to be.

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02-09-2014 , 02:29 AM

#54

pokerodox

The Situation

Join Date: Nov 2012 Posts: 4,889

Oh, and great job. Impressive to beat that lineup.

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02-09-2014 , 03:53 AM

#55

timex

Bonafide 9

Join Date: Jan 2005 Posts: 7,886

Pokerodox and blewjob both booked for 2nd bullet

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02-09-2014 , 11:42 PM

#56

Broederliefde

journeyman

Join Date: Jun 2012 Posts: 334

Daniel Negreanu, Philipp Gruissem, and Mike "Timex" McDonald also fired two bullets, but all three of them busted both and did not return for a third time

so dont get too excited shareholders, this is his 3rd bullet

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02-10-2014 , 07:38 AM

#57

663366

Pooh-Bah

Join Date: Mar 2008 Posts: 3,935

Next time I place my trust in Timex.. what is it, 6th high-roller final table in a row??

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02-10-2014 , 02:56 PM

#58

Zima421

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 18,973

i would assume he sold off a big piece to his third bullet. most likely went to the germans, and asked "you want this piece" and they say "but of course young lad"

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02-10-2014 , 03:41 PM

#59

Heartland

adept

Join Date: Jan 2014 Posts: 780

Quote:

Originally Posted by Zima421

i would assume he sold off a big piece to his third bullet. most likely went to the germans, and asked "you want this piece" and they say "but of course young lad"

Maybe but I don't see why not having brought enough cash would be an issue though.

i'm assuming he could just ask the tourney staff to deduct the entry fee from his payout for the 100K if they hadn't actually paid him yet at that point.

Last edited by Heartland; 02-10-2014 at 03:46 PM.

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02-10-2014 , 05:52 PM

#60

dfb89

old hand

Join Date: Sep 2011 Posts: 1,293

sooo how much did 1% end up paying out for you guys?

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02-10-2014 , 06:03 PM

#61

Heartland

adept

Join Date: Jan 2014 Posts: 780

Quote:

Originally Posted by dfb89

sooo how much did 1% end up paying out for you guys?

$13,140 and $3,250 investment so almost $10K profit.

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02-10-2014 , 07:58 PM

#62

SSKS

old hand

Join Date: Oct 2012 Posts: 1,468

****, almost invested .5 or 1%, stupid me

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02-10-2014 , 10:06 PM

#63

TreadLightly

Pooh-Bah

Join Date: Oct 2013 Posts: 3,711

Grats to the backers / Grats to Timex on the amazing run good lately

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02-11-2014 , 12:31 AM

#64

Turb0Licious

aka Turb0

Join Date: Jul 2009 Posts: 5,054

Straight beast, congrats Mike!

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02-12-2014 , 01:17 PM

#65

Heartland

adept

Join Date: Jan 2014 Posts: 780

Congrats again, Mike!

Just wanted to get a general sense of how quickly you think refunds will be sorted out. I know it's a large payout.

Thanks.

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02-14-2014 , 05:16 PM

#66

bergie321

journeyman

Join Date: Aug 2011 Posts: 205

Anyone know what the tax situation is for an American investor in a Canadian player in an Australian event?

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02-14-2014 , 05:27 PM

#67

Heartland

adept

Join Date: Jan 2014 Posts: 780

well, you def have to report it as gambling income on federal and state tax returns (if state income taxes apply and they no longer apply to me since I moved to the great state of Florida). That income can be offset by gambling losses.

have no clue about Canada or Australia. I just assumed neither of those would apply but would be interested to hear otherwise if that's the case.

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02-18-2014 , 03:52 PM

#68

Heartland

adept

Join Date: Jan 2014 Posts: 780

Wire received from the Bank of Timex. ;-)

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02-18-2014 , 05:17 PM

#69

pokerodox

The Situation

Join Date: Nov 2012 Posts: 4,889

W9 shipped, with deets for payment.
Bergie321, I will need a W9. Will PM for email.

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02-19-2014 , 12:09 PM

#70

DonMaffiosa-

grinder

Join Date: Mar 2013 Posts: 446

Quote:

Originally Posted by klink10k

will take 8% if you removed the markup, lmk

gl

Unlucky...

GG Timex

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02-20-2014 , 02:19 AM

#71

663366

Pooh-Bah

Join Date: Mar 2008 Posts: 3,935

^ ouch.

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02-20-2014 , 04:29 AM

#72

gardenz

centurion

Join Date: Jul 2012 Posts: 135

Here's the gambling tax implications for Americans backing non-tax-treaty countries like Canada and Australia. The tax expert's advice is "don't back players from those countries", unless you don't mind getting into some tricky stuff. You would fall into scenario #3:

http://www.taxabletalk.com/2011/05/2...p-2011-update/

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02-20-2014 , 10:25 AM

#73

Heartland

adept

Join Date: Jan 2014 Posts: 780

^
that does not apply to tournaments held outside of the U.S.

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02-20-2014 , 03:49 PM

#74

gardenz

centurion

Join Date: Jul 2012 Posts: 135

Quote:

Originally Posted by Heartland

^
that does not apply to tournaments held outside of the U.S.

Good to know! thanks

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