The IRS maintains a great website for small business owners at
http://www.irs.gov/businesses/small/index.html. You can research a variety
of topics, get official information, and sign up for their weekly
newsletter.
This would probably be a good source for answers to your questions, Julia.
Annie Grieshop
-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org]On
Behalf Of KeyKat88 at aol.com
Sent: Monday, June 04, 2007 12:46 PM
To: pianotech at ptg.org
Subject: IRS est. quarterly payments
Greetings,
I know that in order not to get an IRS penalty you gotta send in
in estimnated payments at least 90% of the previous year's business worth of
tax..
My questrion is:Does anyone know if the quarterly payments must be
in equal amounts? In other words, if my estimated yearly tax comes out I
usually owe $400, (that would be $100 per quarter), can I send them only
$10 for the first three quarters estmiamted payments, and then send the
remaining $370 in the last quarter of the year? Is that legal or allowed?
My business is poorer in the summer, its such a burden!
Julia
Reading, PA
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