Quote:
Originally Posted by smutnut
Yeah, thanks. I have no problem with this and was planning on doing it, especially since they actually made a point of sending me the material.
What if I only send them like 10% and catch up in the last quarter? I'll still get penalized and it's better to pay more? How do you estimate or is that what you're accountant is for? I don't really want to hire an accountant just yet, although it's been going through my mind. I'm still just an affiliate.
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Sorry, didn't mean to sound like a bitch, I just wanted to be clear that imho,generally speaking, when the IRS tells you do to something, it is not bullshit.
I'm just an affiliate too, operating as a sole proprietor. In my eyes, my accountant is cheap. I do my own books all year long, with her answering questions when I have them. Then at the end of the year, I hand her a spreadsheet, and she takes it from there. I think she charges me $250 annually for this. I can write her fees off, and she will be the one to deal with the IRS, should I ever get audited.
Underpaying is not good. There are some free tools online to help you figure it out. Also, you can look for IRS Form 1040-ES to use as a guideline.
Or hit me up on icq sometime.
Also, I pay my quarterlies online, so it is pretty painless. Except for the handing-over-the-cash part, of course.
