#1
|
|||
|
|||
Quarterly Tax Reminder...
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 |
#2
|
|||
|
|||
Re: Quarterly Tax Reminder...
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.
|
#3
|
|||
|
|||
Re: Quarterly Tax Reminder...
[ 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] |
#4
|
|||
|
|||
Re: Quarterly Tax Reminder...
Hmm.. as my first year of online poker, how do these quarterly things work?
|
#5
|
|||
|
|||
Re: Quarterly Tax Reminder...
[ QUOTE ]
(if applicable) [/ QUOTE ] Who is this applicable to? |
#6
|
|||
|
|||
Re: Quarterly Tax Reminder...
[ QUOTE ]
[ QUOTE ] (if applicable) [/ QUOTE ] Who is this applicable to? [/ QUOTE ] People who need to file quarterly estimates in their state. Wisconsin requires it, that's for sure. |
#7
|
|||
|
|||
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. |
#8
|
|||
|
|||
Re: Quarterly Tax Reminder...
Generally, you should make estimated tax payments if you will owe tax of $1,000 or more, after withholding and credits.
Federal Quarterly Tax Forms www.irs.gov/pub/irs-pdf/f1040es.pdf Pay Federal Tax Online www.eftps.gov |
#9
|
|||
|
|||
Re: Quarterly Tax Reminder...
Generally, you should make estimated tax payments if you will owe tax of $1,000 or more, after withholding and credits.
Whoops. I suck at taxes. |
#10
|
|||
|
|||
Re: Quarterly Tax Reminder...
[ QUOTE ]
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 [/ QUOTE ] Wow, glad I read this. My state taxes were due and I didn't even realize. Thanks man. |
|
|