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Who Should Pay Quarterly Estimated Taxes?
Source:
host.madison.com
- Feb 22, 2017
Anyone who makes money outside of a traditional job generally has concerns over the tax implications of that income.
Most people don't want to end up with a tax bill at the end of the year, or see a planned refund end up smaller than expected (or disappear entirely). But on the other hand, a lot of folks would rather not give the Internal Revenue Service (IRS) money any sooner than they have to.
In reality, for taxable income that has not had taxes withheld, the IRS has relatively simple rules. The challenge is that many taxpayers -- especially those who have typically worked traditional jobs where taxes get subtracted from their paycheck -- don't know the rules.
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Category: General Business
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