Jim Barnes.com
Statis-Pro/Sports Illustrated Games
Stardust Consultant - (1993-2004)
United Features Syndication
Numerous Sports Magazines
Two Options for Continuing
Changes
in
the
financial
structure
of
sports
wagering
and
the
expense
of
maintaining
a
website
are
creating
stress
that
must
disappear prior to updating this site.
There
could
be
two
solutions
possible,
both
requiring
format
changes.
First,
a
review
of
what
small
circulation
newsletters
face.
In
2019,
the
IRS
said
any
online
income
of
less
than
$20,000
a
year
would
be
non-taxable.
This
sounded
fair
to
me,
as
my
goal
is
far
below
$20,000.
I
spent
a
lot
of
time
and
money
to
get
the
site
(and
daily
forecast)
secure
as
possible,
adding
informational sources and developing software to include new findings.
All
was
going
well
until
early
March
when
I
was
informed
the
$20,000
no-tax
amount
was
drastically
reduced
to
$600.
This
is
a
crushing
blow
to
hundreds
of
struggling
to
break-even
newsletters.
My
accountant,
serving
our
family
for
four
decades,
and
a
Pay Pal tech expert both informed me it is nearly impossible for individuals in my situation to survive. Pay Pal closes my account.
Like
I
mentioned,
two
options
are
possible.
The
first
is
to
stop
collecting
sales
tax,
the
most
logical
solution
from
my
perspective.
No
exhausting
hours
of
filing
monthly
reports
to
states
having
a
sales
tax.
I
would
have
to
register
with
all
states,
fill
out
a
monthly
form
and
remit
checks
ranging
from
4
to
7%
of
the
weekly
charge.
Even
my
accountant
would
not
do
that
as
it
would
require far more of his time and result in a gigantic bill.
The
downside
of
not
collecting
sales
tax
is
local
governments,
if
they
desire,
your
state
can
contact
you
and
make
you
pay
a
“use
tax,”
averaging
around
4%
or
$0.20
on
a
$5
newsletter.
Over
a
period
or
26
weeks,
you
would
owe
your
state
between
$5
and $10. Most states would not spend the working hours to notify and collect this minor amount of unpaid taxes.
“Use
tax”
is
a
state
alternative
for
products
purchased
out
of
state
for
use
within
your
location.
This
has
a
rate
of
about
4%
or
less than sales tax.
Again, you would be responsible if your state is notified and desires to collect this tiny tax.
This
is
one
path
that
I
found,
but
have
not
checked
into
“gateways”
to
see
if
this
collection
procedure
is
included
in
their
packages. For more info, search “IRS and Use Tax.”
The
other
option
is
I
collect
sales
tax
and
file
monthly
reports
to
45
states
(five
do
not
have
a
sales
tax),
a
chore
that
creates
far
more
time
than
its
worth.
Most
gateway
sites
will
accept
credit
card
payments
and
file
and
pay
sales
tax
collections,
but
the
cost is high and would create doubling the charge for newsletters or any reports I develop.
I
miss
doing
the
daily,
but
no
income
since
a
near
fatal
2013
fall
has
to
end.
We
are
in
a
recession
and
an
increasing
number
of
citizens
are
exploring
games
of
chance,
including
sports
and
horse
racing,
to
gain
extra
income.
I
am
in
the
process
of
testing
and
formatting
new
features
that
would
be
easy
to
use
and
very
informative.
Eventually
you
could
do
it
on
your
own
if
you
own MS Office 365.
Sports
wagering
is
more
difficult
than
ever
before.
Facing
a
53%
line
certainly
became
beatable,
but
sportsbooks
now
require
players
to
beat
55%.
Forty-years
of
researching
sports
has
convinced
me
very
few
people
are
winners,
and
victory
streaks
are
brief.
Road
teams
and
underdogs
are
not
paying
as
much
as
in
prior
years,
but
might
be
the
only
way
to
go.
Favorites
still
win
more
than
underdogs,
impossible
to
rely
on
because
most
are
greatly
overpriced.
In
baseball,
offense
scoring
is
far
more
important
than
starting
pitchers.
Around
94%
of
pitchers
have
their
wins
and
losses
attributed
to
number
of
runs
their
team
scores.
(Contact:
jimbarnes653@yahoo.com
Jim
Barnes.co
m
Statis-Pro/Sports
Illustrated Games
Stardust Consultant -
(1993-2004)
United Features
Syndication
Numerous Sports
Magazines
Two Options for
Continuing
Changes
in
the
financial
structure
of
sports
wagering
and
the
expense
of
maintaining
a
website
are
creating
stress that must disappear prior to updating this site.
There
could
be
two
solutions
possible,
both
requiring
format
changes.
First,
a
review
of
what
small
circulation newsletters face.
In
2019,
the
IRS
said
any
online
income
of
less
than
$20,000
a
year
would
be
non-taxable.
This
sounded
fair
to
me,
as
my
goal
is
far
below
$20,000.
I
spent
a
lot
of
time
and
money
to
get
the
site
(and
daily
forecast)
secure
as
possible,
adding
informational
sources
and
developing software to include new findings.
All
was
going
well
until
early
March
when
I
was
informed
the
$20,000
no-tax
amount
was
drastically
reduced
to
$600.
This
is
a
crushing
blow
to
hundreds
of
struggling
to
break-even
newsletters.
My
accountant,
serving
our
family
for
four
decades,
and
a
Pay
Pal
tech
expert
both
informed
me
it
is
nearly
impossible
for
individuals
in
my
situation
to
survive.
Pay
Pal
closes
my
account.
Like
I
mentioned,
two
options
are
possible.
The
first
is
to
stop
collecting
sales
tax,
the
most
logical
solution
from
my
perspective.
No
exhausting
hours
of
filing
monthly
reports
to
states
having
a
sales
tax.
I
would
have
to
register
with
all
states,
fill
out
a
monthly
form
and
remit
checks
ranging
from
4
to
7%
of
the
weekly
charge.
Even
my
accountant
would
not
do
that
as
it
would
require
far
more of his time and result in a gigantic bill.
The
downside
of
not
collecting
sales
tax
is
local
governments,
if
they
desire,
your
state
can
contact
you
and
make
you
pay
a
“use
tax,”
averaging
around
4%
or
$0.20
on
a
$5
newsletter.
Over
a
period
or
26
weeks,
you
would
owe
your
state
between
$5
and
$10.
Most
states
would
not
spend
the
working
hours
to
notify
and