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Old 07-01-2005, 07:09 AM
Jeffage Jeffage is offline
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Join Date: Sep 2002
Posts: 1,047
Default Re: mid year TAX question

You should be paying quarterly taxes (it's mandated by law if you will owe the IRS more than $1000 on April 15). Consult an accountant. I believe the first year you screw up and don't do this, there is a waiver of the penalty providing you pay the next year's quarterly at the same time you pay what's due on April 15. I could be totally wrong about that, but I don't think I am. Simply consult an accountant tomorrow (its like 250 for them to take care of you with quarterlies - vouchers and all).

Jeff
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