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.
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