Derby Trail Forums

Go Back   Derby Trail Forums > Main Forum > Contests
Register FAQ Members List Calendar Today's Posts

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #16  
Old 03-18-2008, 08:14 PM
Port Conway Lane Port Conway Lane is offline
Randwyck
 
Join Date: Apr 2007
Posts: 1,463
Default

Any income I earn is taxed by Maryland. They ask for my agi on my federal form and because the contest winnings are part of the agi Maryland wants their cut AND wants it (estimated tax on the winnings)within one quarter after I cash the check. I failed to do so and now they hit me with the interest penalty.
Unfortunately my employer took out the bare minimum in witholding so it was not enough to cover the $5,000.

While I'm typing if anyone is interested in a slew of Blood Horse and racing forms from the early to mid 80's I'm moving and trashing them within two weeks. PM me if interested, I live in Laurel 4 miles south of the track.
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 06:36 PM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.