Re: Quarterly Tax Reminder...
[ QUOTE ]
Hmm.. as my first year of online poker, how do these quarterly things work?
[/ QUOTE ]
I'm no tax expert, but I don't think you have to worry about it yet.
Quarterlies are due if you're self-employed and/or have other investments generating substantial income on an annual basis.
Your quarterlies are based on your previous year's income generated from self-employment and/or other investments. So, if you weren't in this situation last year (2004), you don't have to worry about it this year, but I might be totally incorrect.
|