Recent Forum Posts

• Draftkings reported wrong tax information for me for 2015....need Help badly!

  Sorry I've been MIA on this being a father again for the 2nd time, but it's always better to reconcile with the 1099 issuer rather than the IRS. It's good DK took care of this. Read More

  +1

  by PJGuin23 (PJGuin23) Jun 5th

• Official 2016 DFS Tax Thread

  Few things. thedude404, you are likely onto something when you said nothing will happen. I think there maybe some corporate breaks but that drastic an overhaul on Itemized Deductions for Individuals will cause backlash on so many levels. Now, from my unde... Read More

  by PJGuin23 (PJGuin23) Apr 27th

• Official 2016 DFS Tax Thread

  I would like to thank the RotoGrinders for allowing me to advertise my services to the DFS Community for a 2nd year. This has been a successful tax season for me thanks to you guys. I have met an awesome group of clients thanks to this Forum and would be h... Read More

  by PJGuin23 (PJGuin23) Apr 18th

• Official 2016 DFS Tax Thread

  Line 21 for the Income. Schedule A Miscellaneous Subject to 2% floor for deductions. Read More

  by PJGuin23 (PJGuin23) Apr 18th

• Official 2016 DFS Tax Thread

  For PA, yes earnings have to be claimed. Not only that be aware of Local Taxes (Berkheimer, Keystone Collections, Philadelphia, Jordan-Pittsburgh) as well. Philadelphia proper you would also need a School Income Tax (hobby) or BIRT/NPT (business) as well. Read More

  by PJGuin23 (PJGuin23) Apr 15th

• Official 2016 DFS Tax Thread

  6 more days! Don't fret if you don't have everything together for expenses. With some basic information, I can e-file an Extension! Read More

  by PJGuin23 (PJGuin23) Apr 12th

• Official 2016 DFS Tax Thread

  Standard deduction and maybe a credit? I don't know if you did Schedule C or Line 21. Sounds like it COULD be right. Read More

  by PJGuin23 (PJGuin23) Apr 9th

• Official 2016 DFS Tax Thread

  The $6500 1099 MISC usually accounts for that. Unless the site used the Gross method of reporting, I would not deduct the entry fees. Read More

  by PJGuin23 (PJGuin23) Apr 4th

• Official 2016 DFS Tax Thread

  They COULD be subject to SE if you file as a business. Also, if your W2 wages are above the SSI cap, the SE bite won't be so terrible, more like 2.9%. As a hobby, not an issue. Read More

  by PJGuin23 (PJGuin23) Apr 4th

• Official 2016 DFS Tax Thread

  FYI, we have a couple weeks left in Tax filing season and I have room for more people but to get your return out by April 18th, I would need: - Last year's tax return - All tax documents ready to go (W2, 1099, 1095, Brokerage Statements, etc.) - Downloade... Read More

  by PJGuin23 (PJGuin23) Apr 4th