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Thread: Speaking of Estimating....

  1. #1
    Join Date
    Apr 2007
    Location
    Huntington Beach, CA (19 Hrs. 22 Min. from Winged Horses)
    Posts
    6,661

    Speaking of Estimating....

    Federal and State Quarterlies - Due Tomorrow.

    happy, happy, joy, joy.......
    ~New signature under construction.~
    ~~~~Please excuse the mess.~~~~

  2. #2
    Join Date
    Jun 2012
    Location
    NW Ohio
    Posts
    1,013
    Gotta pay to play!

  3. #3
    Join Date
    Nov 2016
    Location
    Kennewick
    Posts
    136
    Tomorrow? I though the federal ones were due by tonight?


    Sent from my iPhone using Tapatalk

  4. #4
    Join Date
    Apr 2007
    Location
    Huntington Beach, CA (19 Hrs. 22 Min. from Winged Horses)
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    Quote Originally Posted by blkmagik21 View Post
    Tomorrow? I though the federal ones were due by tonight?
    file and pay by june 15th. tomorrow. gotta be postmarked.
    dropping them in the post office drop this afternoon.
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    ~~~~Please excuse the mess.~~~~

  5. #5
    Join Date
    Jun 2004
    Location
    Cherry Valley NY, Seattle, WA
    Posts
    4,627
    I never do 'em. The penalty is non existent or insignificant with my income.
    Ethan Brush - East West Electric. NY, WA. MA

    "You can't generalize"

  6. #6
    Join Date
    Apr 2007
    Location
    Huntington Beach, CA (19 Hrs. 22 Min. from Winged Horses)
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    6,661
    Quote Originally Posted by electrofelon View Post
    I never do 'em. The penalty is non existent or insignificant with my income.
    one year, my calculations where i based my quarterlies on were 60k lower
    than my actual taxable income. the penalty was $4,500 for underpayment.

    the tax on the 60k would have been about 25k. so the penalty was about 20%.

    i've not done that since. i run my deductions, milage, and income thru
    quickbooks self employed. so i know where i'm at, day to day.

    this year's been off over last year's. i was talking to my wholesale house, and
    his gross is off this year 40% over last year.
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