Does Anyone Pay Estimated Tax?
Just curious. I got a package this year (first time I got anything from the IRS since I started relying solely on this for income), with quarterly stubs and I think a letter that I understood to say I was required to pay estimated tax by certain dates if I intended to pay over 1000 dollars in taxes (how could you not?) when they were due. I'm not registered as a corporation or even an LLC yet.
Just curious if anyone else pays this, how much they are probably expecting throughout next year each quarter and how much you pay (not amounts of course LOL, just percentages.) I'm more concerned with how little I can get away sending them throughout next year without them climbing up my ass. I've always paid at the end of the year (by april 15th) and never had them bugging me yet.
LOL - I always thought the biggest worries about the feds were for obscenity laws and that they went after people in this industry living West of the Rockies, North of Frisco, East of the Mississippi and South of Atlantic City, but I guess the IRS isn't something to mess with either if it can be helped.
Thanks
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