i have the exact same question, 2000$ swing for me from the beginning of April 15th to the end of it because I never logged out and kept playing

Does this mean we won't have to file taxes or this is different than taxes?

can you elaborate on how you know this to be true?

The 'must have deposited' issue might screw a lot of us. fml

I predict the "deposited" money just means money won at poker and in your account. If someone was using an account for player transfers or Full Tilt kickbacks, then that person may not get it back.

I think this means if you owe Uncle Sam, the money goes straight to him.

Choosing to not pay taxes on this is probably not a very smart idea.

Not to be all "Lock it up," but why is this its own thread when the other one is still open? This thread is not serving its intended purpose. Would request that it be closed for now and reopened in several days.

I believe this is what it means, yes. If you owe the IRS, have a legal judgement against you, owe back due child support, etc... if you're in the legal system with an outstanding debt, they will send the money there to reduce/pay off that debt first.

The email says I can log in using my petition number and control number to check my balance but I don't see anywhere to log in on the site.

This is vague and misleading. Pay taxes on what you earn.

Wait, you got the email from them?? Has anyone else actually received the email?

Log in available beginning on the 18th.

Yep, got mine about an hour ago.

Several people have reported getting the email and several people have reported NOT getting the email. Be patient. They said it could be as late as tomorrow before everyone receives an email AND even if you don't get an email, you can still apply.

It confuses me why people are still talking about the taxes owed in 2013. You should of paid taxes on this money in 2011 or earlier (depending on when you made the $).

I'm not a CPA but I would assume if you haven't already paid taxes on your winnings from a few years ago it is a little to late now unless you plan on amending your taxes from 2011. Clearly it isn't 2013 income, so shouldn't affect how you file this year. How your going to explain to the government why your getting a check for $30,000 (or whatever the amount is) in 2013 but didn't claim this as income in 2011, when it occurred, is going to be difficult. If you haven't paid your taxes from a few years ago I would consult an accountant immediately, but hey that is just me.

Not trying to scare anyone, just saying if you pay your taxes when their owed you never have to worry about this kind of thing.

It's a gray area Gemaco. Filing the income for 2013 may well be acceptable.

Lots of people have....

Any one know how to check your FTP balance as of Black Friday?

I agree with all this.

This is a bit misleading because it assumes the DOJ and GCG have set-up some kind if communication with the IRS and that's just speculation and not likely imo BUT I do agree you should have paid your taxes in 2011 and every year REGARDLESS of the source of the income. One shouldn't have to explain any money unless they get audited.

Has anyone who only funded their account through transfers gotten any notice yet? I'm half freaking out.

This thread is for issues relating to the remissions process. The other thread can be for everything else related to FTP. I, personally, will be looking at this thread closely for info about the best way to go about getting limbo funds, as cute as they are I don't want to have to scroll through a ton of cat gifs and miss on what could be an important opinion or post about what to me is a significant amount of money.

Obv there will be some posts that overlay in both threads.

Your right, and I probably shouldn't comment on this kind of thing without having the proper background. I hope now with the launch of real money this year the IRS will clear up some of these things

I always was under the assumption that the DOJ/GCG and the IRS would NOT be sharing the information. Finding out today that a SSN# is required for remission makes this a little more likely IMO. I'm not saying they plan on doing this, but it would make it much easier now once they have all of our SSN#'s.

actually not. if u played sngs, or cash or mtts in 2011 and won money it should have been reported as 2011 income as he stated, this money was not technically earned in 2013. I am no accountant but I am confident in my statement. although ya, it is a bit of grey area.

I was trying to think of an example that could prove our stances but if I were to work for someone in 2011 and get paid for said labor in 2013, well that would be money earned in 2013 Ha

I don't think it's a gray area: all money earned at poker sitting in your Full Tilt Poker account should have had the taxes paid on it when you filed the following year. If you're an American and did not play on Full Tilt in 2013, then there's nothing to file in 2014 or 2015. The money sitting in your account in 2011 should have been paid in 2012 for what you played in 2011. The money you earned in 2010 should have been filed in 2011, and so on. There is nothing special about getting the money now for tax purposes. The taxes were already paid (or SHOULD have already been paid). Show me where someone reputable like Russ Fox says otherwise and I'll entertain it. Until then, paying your taxes on income should be pretty straightforward.

There is only a taxable event when income is realized. For example, if you work in 2011 but don't get paid until 2013 you don't pay tax until 2013. This debacle has proven that any monies in our ftpaccounts were never "realized." I think we're perfectly fine putting it on our 2013 taxes. This is not legal advice and should not be taken as such.

Google constructive receipt, and you can see where the debate lies