[Reef]

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you bring up a good point: it is my belief that everyone is playing over their roll right now. i mean esriously, how can anyone be properly rolled for 5/10 after taxes?

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i put aside money for taxes (always a rough estimate of what i'll owe in addition to my previous quarterly payments) and don't count it as my bankroll, and i also only play stakes i'm overrolled for. is that a good enough answer?

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Is "quarterly payments" the recommended play when it comes to paying taxes from poker? also, are there any forums specific to taxes?

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Q: Most of us know that self-employed individuals have to make quarterly tax payments to the government. Is there any way to avoid that?
smp: If you have paid at least 90% of your total tax liability by the end of the year you don’t have to make quarterly tax payments.
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Q: If you are not making quarterly payments how do you get to that 90% level?
smp: Well, if your spouse works, he or she can have taxes withheld at the higher single level, claim zero exemptions, and even direct that additional amounts be withheld from each paycheck. Just make the appropriate changes on their W-4. Or if you do work for an employer in addition to your self-employed work you can do the same things with your W-4 with that company. I know a writer who also delivers newspapers. He has his newspaper employer withhold enough to cover his writing income too.
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Q: If, at the end of the tax year, you find that your tax withheld does not exceed 90% of your tax liability can you just send the IRS a check on say December 30th to get it to the 90% level?
smp: If you do, the IRS will see that as a fourth quarter quarterly payment for the current year. Once you start making quarterly payments you will need to continue filing quarterly payments for as long as you are earning self-employment income.

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