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Forum: Internet Gambling

04-07-2005, 12:33 AM

Replies: 13

Seriously, my last tax post (Re: Estimated tax payments)

Posted By Brainwalter

Re: Seriously, my last tax post (Re: Estimated tax payments)

[ QUOTE ]
Thanks. Ugh, looks like I screwed myself out of about $500.

[/ QUOTE ]

Just for clarity, I meant 5% of the amount you underpaid by. So maybe that is 10k and you have a $500 penalty...

Forum: Internet Gambling

04-07-2005, 12:30 AM

Replies: 13

Seriously, my last tax post (Re: Estimated tax payments)

Posted By Brainwalter

Re: Seriously, my last tax post (Re: Estimated tax payments)

Yes, if you overpay on estimated tax payments, you'll get it refunded next year.

Forum: Internet Gambling

04-06-2005, 11:02 PM

Replies: 13

Seriously, my last tax post (Re: Estimated tax payments)

Posted By Brainwalter

Re: Seriously, my last tax post (Re: Estimated tax payments)

[ QUOTE ]
Last year I did not keep detailed session records and ended up requesting a statement from each poker site with deposits/withdrawals and used that along with my Neteller transaction...

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