TECH Reminder: Estimated taxes due 9/15

[Falconer]

Even tho like half the people here have said they don't pay estimated taxes

 

[Browning]

out

 

[White Stormy]

I pay taxes all year

 

[Falconer]

I pay them 4 times a year

 

[Pepsi1975]

I do mine once a year

 

[Falconer]

How do you do that without getting penalties?

My accountant told me there's no way I can get around paying estimated taxes.

 

[Logik]

i never have in 5 years of having an LLC

 

[Pepsi1975]

How do you do that without getting penalties?

My accountant told me there's no way I can get around paying estimated taxes.

You do not have to pay estimated tax for the current year if you meet all three of the following conditions.

• You had no tax liability for the prior year
• You were a U.S. citizen or resident for the whole year
• Your prior tax year covered a 12 month period

I have always filed yearly and never had a problem doing that way

 

[MikeTheVike1]

thanks for the reminder!

 

[autox]

Thanks

 

[07]

I am always told I will be penalized, but I am always late. (never penalized with my cpa or IRS) Sending out my payment today. Makes me cry to see that much money go *poof*

 

[fishbulb]

I am always told I will be penalized, but I am always late. (never penalized with my cpa or IRS) Sending out my payment today. Makes me cry to see that much money go *poof*

If it's postmarked with the due date it's not late.

 

[07]

If it's postmarked with the due date it's not late.

My last two were sent out a month ago because I am lazy. (each check is well into 5 digits.)

 

[Falconer]

My last two were sent out a month ago because I am lazy. (each check is well into 5 digits.)

Baller. All of mine together last year was barely 5 digits

 

[Tom Ford]

and now it's 9/16