Yay...tax season
By Adanthar on April 9th, 2008
(more posts by author)
-Get an extension. Anybody know a gambling CPA in the NYC area? :(
In case that doesn't work, though...
-Do your taxes. That is, don't not do your taxes. A surprising amount of people I know are in this category :p
-Finalize your records. I keep good ones to start with, but even if you don't, the least you should do is take all those random withdrawal slips and make an Excel file that you can point at a couple of years from now when you've long since forgotten everything.
-Fill out a Treasury form and get it in before 6/30 if you've got 10K in overseas accounts. Poker sites are a gray area.
-If you're a pro, include a check for Q1 estimated taxes when you do your return.
-Make a resolution to actually get receipts for everything you do this year and not just rely on credit card statements...oops.
-Prepare for the inevitable audit (as a pro, I'm pretty sure the chances of an audit in the next five years are roughly 100%. Sigh.)
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Talked to a reporter today for about 2 hours. 60 Minutes etc. is very likely to happen, but the show probably won't air until the fall when their season starts up.
I wonder if somebody'll ask a question on that during the campaign?
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Would you mind commenting on the type of records you keep?
Posted by Swami54 on 2008-04-13 16:00:27
English


