04-18-2016, 09:31 PM
(04-18-2016, 08:48 PM)SunsetBengal Wrote: So, according to the CPA, you did it right.
Yep, but it gets complicated if you have uneven or irregular earnings, making early estimated payments too low.
I tell you, though...it's a real eye opener when nothing is withheld from your checks and you have to make big quarterly payments INCLUDING the employer's share of FICA. You feel good about how your bank account has grown, and then BAM! you send a check for 40% of your quarterly earnings to federal and state.....you really feel that pain.
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