<!doctype html public "-//W3C//DTD W3 HTML//EN"> <html><head><style type="text/css"></style><title>IRS est. quarterly payments</title></head><body> <blockquote type="cite" cite><font face="Arial" color="#000000">      I know that in order not to get an IRS penalty you gotta send in in</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">estimnated payments at least 90% of the previous year's business worth of tax..</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000"> </font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">       My questrion is:Does anyone know if the quarterly payments must be in</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">equal amounts? In other words, if my estimated yearly tax comes out I usually</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">owe $400, (that would be $100 per quarter),  can I send them only $10 for the</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">first three quarters estmiamted payments, and then send the remaining $370 in</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">the last quarter of the year? Is that legal or allowed?  My business is poorer</font></blockquote> <blockquote type="cite" cite><font face="Arial" color="#000000">in the summer, its such a burden!</font></blockquote> <div><br> <br> </div> <div><font face="Arial" color="#000000">The way I understand it is that you take last years tax and divide by four. Something</font></div> <div><font face="Arial" color="#000000">should be paid each quarter and 75% of that must be remitted before the last quarter</font></div> <div><font face="Arial" color="#000000">unless you earned less the current year (in which case you still need to have 75% in</font></div> <div><font face="Arial" color="#000000">before the last quarter).  If you make more than the previous year you are only</font></div> <div><font face="Arial" color="#000000">liable for the estimated payments derived from the previous year but I'm not sure</font></div> <div><font face="Arial" color="#000000">which the 75% pertains to.</font></div> <div><font face="Arial" color="#000000"><br></font></div> <div><font face="Arial" color="#000000">If some quarters are not as profitable as others you can pay the tax liability on</font></div> <div><font face="Arial" color="#000000">the amount earned.</font></div> <div><br></div> <div>Check out the IRS website.</div> <x-sigsep><pre>-- </pre></x-sigsep> <div><br> Regards,<br> <br> Jon Page</div> </body> </html>