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So I just lost 30K......

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11-14-2005, 10:36 PM

Jeffage

Jeffage is offline

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Join Date: Sep 2002

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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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