"I HAVE FIVE THOUSAND DOLLARS!!!!!!!!!!!!!!!!!!!!!!"
and a tax liability. NY and the Feds are going to want a piece of that. What a spoilsport I am !
I let the one of the local casinos take out withholding for both the feds and state. I usually keep my withholding amount for wages in line with my expected tax obligation. I don't believe in lending the government money interest free. But for gambling I want the money I win all mine.
You have some tax planning to do.
and a tax liability. NY and the Feds are going to want a piece of that. What a spoilsport I am !
I let the one of the local casinos take out withholding for both the feds and state. I usually keep my withholding amount for wages in line with my expected tax obligation. I don't believe in lending the government money interest free. But for gambling I want the money I win all mine.
You have some tax planning to do.
