#1
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Quarterly Tax question
As a professional gambler, am I forced to declare and pay taxes quarterly, or can I just declare for the entire year each year on April 15th. What if I declare as recreational? I'm asking now because the quarterly deadline is coming up on June 15th, but I will be at the WSOP during this time and have to get this settled before tomorrow when I leave... yes, I'm a horrible procrastinator.
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#2
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Re: Quarterly Tax question
If you don't pay quarterly, they will just charge interest and compute your amount owed accordingly.
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