Speaking of Estimating....

[Fulthrotl]

Federal and State Quarterlies - Due Tomorrow.

happy, happy, joy, joy.......

 

[mopowr steve]

Gotta pay to play!

 

[blkmagik21]

Tomorrow? I though the federal ones were due by tonight?


Sent from my iPhone using Tapatalk

 

[Fulthrotl]

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.

 

[electrofelon]

I never do 'em. The penalty is non existent or insignificant with my income.

 

[Fulthrotl]

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.