2006-10-11 05:30:43 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
In addition to what jen said, if you make over $400 you will need to file more forms maybe before the date that estimated taxes are due. Check here http://www.irs.gov/businesses/small/article/0,,id=115043,00.html and here
http://www.irs.gov/businesses/small/index.html
2006-10-11 07:00:24 · answer #1 · answered by curious george 5 · 1⤊ 0⤋
Estimated taxes are paid in qtrs. There is only one qtr. left for this tax year. The payment is due by Jan. 16th for the last qtr. (for Sept.1st - Dec. 31st) of the year. You want to be sure that you will not owe the IRS over 999.00 at the end of the year or you will have to pay penalties. You can go to IRS.gov and look at form 1040es to help you see how much tax you will owe or use the tax calculator.
2006-10-11 13:10:26 · answer #2 · answered by jen 4 · 2⤊ 0⤋
To avoid a penalty you must pay 110% of last years tax or 90% of a current year estimate.
2006-10-12 14:52:49 · answer #3 · answered by brenden b 2 · 0⤊ 0⤋
Contact the local IRS office, they'll be glad to assist with the forms and the deadlines.
2006-10-11 12:45:35 · answer #4 · answered by PALADIN 4 · 0⤊ 0⤋