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Going full time and taxes Going full time and taxes

05-13-2021 , 05:51 PM
Can someone point me in the right direction where this is talked about?
Going full time and taxes Quote
05-13-2021 , 05:54 PM
https://forumserver.twoplustwo.com/5...poker-players/

But the guys who used to keep things updated have kinda retired, so it's not really up to date. But that is the place to read and ask.
Going full time and taxes Quote
05-13-2021 , 11:35 PM
There’s a current AMA (ask me anything) thread in OOT (other other topics, in 2+2 communities forum) started by a CPA.
Going full time and taxes Quote
05-14-2021 , 07:43 AM
I would recommend an accountant
Going full time and taxes Quote
05-17-2021 , 09:08 AM
Definitely sit down and 'talk' (interview) some accountants/lawyers that have experience in Gaming to first get a feel for them and then make a decision if you're comfortable with one of them.

This is now treated like a business with keeping track of the (right) expenses very important to your end bottom line. The IRS is fairly forgiving the first year you have a drastic change in your income, but you will need to get used to making quarterly estimated tax deposits to both the Fed and States where the income occurs to avoid issues when you file your return. GL
Going full time and taxes Quote

      
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