Re: tax questions
1 - Roughly 85 to 90 percent of my income in 2006 came from online poker; the rest came from working for a friend in the construction business. Am I REQUIRED to file as a pro using schedule C?
No, but you miss out on a lot of deductions if you don't.
2 - If I file as a pro it will be my first time filing this way. I have not payed any quarterly taxes on my 2006 income because I was unaware of my responsibility to do so. Can I avoid a penalty on the basis of not having any previous records to base quarterly payments on?
See a CPA. I assume you had withholding done on your other pay, so technically you have been paying taxes all along, you might be covered.
3 - If I don't file as a pro, am I still obligated to have already made quarterly payments
See above.
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