Tax Deductible?
Tax Deductible?
Out of context: Reply #12
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- pinkfloyd0
Are you suppose to file your taxes quarterly?
- Yes, as a sole proprietor in the US. Otherwise expect a fat tax bill at the end-of-year (and penalties).studderine
- ask your CPA, but i think its only mandatory for folks making over $50000 a quarter.omg
- How does filing quarterly save anybody money? It doesn't affect one's tax rate and the lack of doing so does not generate penalties.MondoMorphic
- omg, it's not mandatory, even when making > than $50K a quarter.MondoMorphic
- Dude, it does generate penalties. I paid $800 fine last year for now paying quarterly. It saves you money by not having to pay fine.studderine
- ^Ha! Can't type.studderine