Re: So I just lost 30K......
Your accountant is wrong. If you expect to owe more than $1000 on April 15, you will be penalized for not filing quarterly (there is a sort of grace period but consult your accountant on this). Anyway, anyone w/ non-W2 income that expects to owe more than a grand must file quarterly-otherwise, you're taking an interest free loan from the IRS.
Jeff
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