Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: freedumb2003

I thought they only required quarterly is you were in business for yourself.


8 posted on 03/30/2010 9:06:29 PM PDT by mylife (Opinions...$1 Halfbaked...50c)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: mylife

>>I thought they only required quarterly is you were in business for yourself.<<

They will also require it of people who chronically “underpay.” If you owe over a certain threshold (I just don’t remember if it is a fixed dollar amount or a %) over several years, the IRS will require quarterly payments in addition to standard withdrawals. Essentially they make you pay to the level you “should have” if your pay cycle tax deductions are lower than their calculations.


10 posted on 03/30/2010 9:10:43 PM PDT by freedumb2003 (Craven spirits wear their master's collars but real men would rather feed the battlefield's vultures)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson