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Question regarding Quarterly estimated taxes (yes, I do pay them)
I was told this year that estimated tax payments have to be equal amounts. So back in April, I decided what I'd probably owe for the year, divided it by 4, and made my first payment.
Well, since I suck at poker, I must have run REALLY lucky this year and so far have made a little under twice what I thought I was going to. Can I make my last estimated payment (due 1/15) larger than my other 3 or will I just have to pay penalties come 4/15? If I CAN make my last payment larger, couldn't I have just paid something small like $50 for the first 3 payments then $6000 for my final one? |
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