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Old 12-07-2005, 04:34 PM
BigBiceps BigBiceps is offline
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Join Date: Mar 2004
Posts: 78
Default Re: More boring tax questions

[ QUOTE ]
I'm very scared now. I don't know what I'm going to do.

I've made 35k so far. I only have 17k left. I'm supposed to pay quarterly. If I went to pay my tax's today, my bankroll would be demolished. Leaving me with what, 7k?

Tax's are due in april which is 5 months, which means I've already missed 2 quarters. Which means I already have to pay fines because I havnt payed up.

WOW.

[/ QUOTE ]

As long as you have already paid at least (3/4*90% = 68% in a timely fashion) or 90% annually of what you had paid in the previous year (2004) there will be no penalty.
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