Play Meter

FROM THE THE EDITOR EDITOR FROM Winning the Winn ing the IRS oly olym)ics IRS mpics On your marks, get set, go! Sharpen those pencils, O n your marks, get set, go! Sharpen those pencils, buy a new calculator, stock up on batteries, and sort buy a new calculator, stock up on batteries, and sort through your year's receipts. Get ready to win the IRS through your year's receipts. Get ready to win the IRS Olympics. Remember Rememberlast lastyear yearwhen whenyou youpromised promisedyou you Olympics. would be organized this year? Well, maybe next year, then. would be organized this year? Well, maybe next year, then. Last year we devoted our February issue to an assortment Last year we devoted our February issue to an assortment of tax-related articles to help you get through the deluge of of tax-related articles to help you get through the deluge of new tax laws and paperwork that go hand in hand with donew tax laws and paperwork that go hand in hand with doing tax returns. We had no idea how popular the issue would ing tax returns. We had no idea how popular the issue would be, but requests for it soon left us with no extra copies. Not be, but requests for it soon left us with no extra copies. Not outto to be beaahit hit with with demand demandoutoutunlikeaa game gamethat thatturns turns out unlike doing supply! Since everyone once again is preparing to doing supply! Since everyone once again is preparing to dotheir theirtax taxreturns, returns,we wewanted wantedtotooffer offersome someadditional additionaltax tax do tips, hopefully, some will apply to you and your businesses. tips, hopefully, some will apply to you and your businesses. Jeff Rosenthal Rosenthal had had been been aa featured featured speaker speaker atat Play Play Jeff Meter's AOE show and continued his seminars at ACME. Meter's AOE show and continued his seminars at ACME. Jeffisisan anaccountant, accountant,so sohe heisisfamiliar familiarwith withthe thenew newtax taxlaws laws Jeff and their applications. He is also an operator, which makes and their applications. He is also an operator, which makes him the perfect source for updating his peers on how the him the perfect source for updating his peers on how the lawswill willbe beapplicable applicabletotooperators operatorsininthe thecoin-op coin-opindustry. industry. laws He has written an article on depreciation, a subject weget get He has written an article on depreciation, a subject we greatmany manyrequests requestsfor, for,and andhe heagreed agreedtotolet letususinterview interview aagreat him as our coinman for the month. It's a good thingwe we him as our coinman for the month. It's a good thing caught him now because he's hard to reach at tax time! caught him now because he's hard to reach at tax time! Irving Blackman has written tax articles for Play Meter Irving Blackman has written tax articles for Play Meter for many years, and last year he was a featured speaker at for many years, and last year he was a featured speaker at theAMOA AMOAshow showininChicago. Chicago.He Hehas hasan anunderstanding understandingof of the tax laws and sprinkles his articles with examples we can all tax laws and sprinkles his articles with examples we can all relatetotoininan aneffort efforttotohelp helpmake makesense senseofofwhat whatthe theIRS IRSininrelate taxtidtidtendsfor forus ustotodo. do. You Youwill willfind findan anassortment assortmentofoftax tends bits from Blackman. bits from Blackman. knowthat thatevery everyarticle articlewill willnot notbe betailor-made tailor-madefor forevery every IIknow operator, but each one will affect someone. I have found operator, but each one will affect someone. I have found myselfsaying saying"I ''Ididn't didn'tknow knowthat" that'' while whiletyping typingsome someof of myself thesearticles. articles. In Infact, fact, aacouple coupleofofthings thingsIIread readsaved savedme me these some tax dollars. Even if a subject doesn't apply to you this some tax dollars. Even if a subject doesn't apply to you this year, you may remember reading it when you do need it year, you may remember reading it when you do need it PLAY METER/ February 1989 88PLAY METER/February 1989 downthe theline. line. An Anoperator operatorcalled callednot nottoo toolong longago agolooklookdown ing for for an an article article he he had had aa vague vague memory memory of. of. II looked looked ing throughour ourarchives archivesand andfound founditit ... ... from fromseven sevenyears years through ago! What a memory! ago! What a memory! Thereisisaawealth wealthofofinformation informationininthis thisissue issuethat thatshould should There help untangle some of the confusion tax time brings with help untangle some of the confusion tax time brings with and put things in perspective. As you read through these ititand put things in perspective. As you read through these special articles, articles, perhaps perhaps you you wish wish there there was was one oneon onaa special specific subject we may have missed. Please pick up the specific subject we may have missed. Please pick up the phone and call so we can include it in our tax issue next year. phone and call so we can include it in our tax issue next year. Don'tforget forgetthat thatACME ACMEininReno Renoisisjust justaround aroundthe thecorcorDon't ner.Play PlayMeter Meterwill willbebepresenting presentingawards awardstotothe thecompanies companies ner. operatorsvoted votedthe thebest bestoverall overallfor forvideo, video,pinball, pinball,and andother other operators equipment, as well as the best innovative play feature and equipment, as well as the best innovative play feature and thebest bestnew newgame. game. IIlove lovethat thatpart partof ofthe theshow showbecause becauseitit the the operators who picked the winners. We'll present isis the operators who picked the winners. We'll present these awards awards at at the the cocktail cocktail party party on on Friday Friday night. night. these Everyoneisisinvited. invited. Please Pleasejoin joinus usfor foraadrink drinkand andaachat. chat. Everyone Although I don't have any idea how gambling losses Although I don't have any idea how gambling losses (wins!)are arehandled handledatattax taxtime, time,come cometotoReno Renoand andhave haveaa (wins!) great time, visit old friends, see the latest equipment, and great time, visit old friends, see the latest equipment, and perhaps try your luck at one of the casinos. See you there! perhaps try your luck at one of the casinos. See you there! Valerie Cognemich Valerie Cognevich Valerie Cognevich Editor Editor P. S.IIwould wouldlike liketotoextend extendour oursympathy sympathytotothe thefamily familyand and P.S. friends of ofCarl Carl Military Military of ofRMV RMV in in Imperial, Imperial, Pa., Pa., who who friends passed away suddenly January 7 of a heart attack. Sal passed away suddenly January 7 of a heart attack. Sal Mirandaof ofSMS SMSsaid saidthat thatCarl Carlwas wasaadear dearfriend friendand andaatrue true Miranda gentleman. ' 'He was very well-liked and is irreplaceable. gentleman. "He was very well-liked and is irreplaceable. It'shard hardto tosay saygoodbye goodbyeto toaagood good willmiss misshim himterribly. terribly. It's IIwill friend; all who knew him are saddened by his death." friend; all who knew him are saddened by his death."