First, I must say I feel for all of you. For the DOJ to simply shut down a billion dollar industry in the U.S. is over the top ridiculous. Their action greatly affects all of us. I'm confident, however, if we can pull through this blackout phase, then all will be forgotten once federal legislation is passed legalizing online poker in the U.S. I'm very confident it will happen. It just may take a while. For more on my take, head over to the blog:
Second, for U.S. residents required to file a U.S. tax return, today, April 18, 2011 is the deadline to file. If for whatever reason you are unable to file your return by today, you can file for a 6 month extension here:
Keep in mind, however, that this 6 month extension does NOT provide an extension to pay any tax due to Uncle Sam for 2010. The penalty for failing to timely pay the tax due is .05% of the tax due per month past due (with no maximum). The penalty for failing to timely file your tax return is more severe: 5% of the tax due per month past due, up to a maximum of 25%. Don't forget that interest accrues on both the tax due and the penalties, if any.
If you are unable to pay the tax due by today, the IRS does offer various payment plans to address the outstanding balance. I'll put a post together summarizing these options in the near future.
Keep those heads up, folks.