Do You Need to Pay Quarterly Estimated Taxes?

Posted by MMarquit under Taxes
From http://www.moolanomy.com 328 days ago

Paying quarterly estimated taxes not only keeps the IRS off your back, but it also helps you avoid a huge — and sometimes inconvenient — tax bill each year.

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Comments

Written by HeatherStone
327 days ago

Miranda,

Thanks for bringing up quarterly estimated taxes, just another nasty surprise new entrepreneurs and small business owners will be in for if they aren't already aware of the way the tax laws work. If there's one thing small business owners should consider investing in early, it is talking to a tax adviser. Unless you are already a whiz at tax law, a talk with a tax expert can save you serious time and money, time and money you should be spending on running your business not untangling the bureaucratic knots of the tax code.

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Written by Warren Rutherford
328 days ago

Miranda - given the financial risk and penalty involved in not paying your US taxes I would suggest full use of the 1040 ES. It's great to give the advice as you have, however, the law and tax schedules are very clear. Using the 1040 ES will leave little room for error. Thanks for bringing this up and posting on BizSugar.com

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