Quarterly Tax Reminder...

x2ski · #1 06-15-2005, 02:09 PM

I had no idea where to post this, but I figure most of us who are self-employed in poker or other professions frequent the Zoo.

Today is June 15, the end of the stupid 2 month "second quarter". Federal and state (if applicable) quarterly estimated taxes need to be in the mail. Bye-bye 15% of my bankroll.

Ps. Don't shoot the messenger

usmfan · #2 06-15-2005, 02:16 PM

Yeah. Talk about asinine. My wife and I had words when she said that the Q2 taxes were due. I said that's not true, we just paid in April. Ergo, next quarterly is due 7/15. Wrong. I was pwned by Mrs. usmfan.

x2ski · #3 06-15-2005, 02:22 PM

[ QUOTE ]
Yeah. Talk about asinine. My wife and I had words when she said that the Q2 taxes were due. I said that's not true, we just paid in April. Ergo, next quarterly is due 7/15. Wrong. I was pwned by Mrs. usmfan.

[/ QUOTE ]

Yeah that's why I figured I'd post this. If my Dad wouldn't have reminded me I would be filing these things one month late [img]/images/graemlins/mad.gif[/img]

TheBeat · #4 06-15-2005, 04:43 PM

Why do you idiots pay taxes????? You are all a bunch of pussies!!!!!!!!!

Homer · #5 06-15-2005, 04:43 PM

[ QUOTE ]
Why do you idiots pay taxes????? You are all a bunch of pussies!!!!!!!!!

[/ QUOTE ]

omg totally !!!!!!!!!!1111

SinCityGuy · #6 06-15-2005, 04:59 PM

[ QUOTE ]
Why do you idiots pay taxes?????

[/ QUOTE ]

Manny: "Hey mang, it's not like Cuva. The jails are like f***ing hotels here."

Tony Montana: "Wha, jou f***ing crazy!? Jou high!?"

benkath1 · #7 06-15-2005, 05:40 PM

[ QUOTE ]
[ QUOTE ]
Why do you idiots pay taxes?????

[/ QUOTE ]

Manny: "Hey mang, it's not like Cuva. The jails are like f***ing hotels here."

Tony Montana: "Wha, jou f***ing crazy!? Jou high!?"

[/ QUOTE ]

nh

iluzion · #8 06-15-2005, 03:55 PM

Hmm.. as my first year of online poker, how do these quarterly things work?

x2ski · #9 06-15-2005, 04:11 PM

[ 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.

destroBU · #10 06-15-2005, 04:00 PM

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(if applicable)

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Who is this applicable to?