Comments on: Quarterly Estimated Tax Payments: Who Needs to Pay Them, When, and Why

By: JecePrieceLok

JecePrieceLok — Fri, 07 Aug 2009 01:59:13 +0000

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By: MoneyMateKate

MoneyMateKate — Wed, 29 Oct 2008 21:12:21 +0000

I’ve been self-employed for 5 years now, and I never remember to send in my quarterly estimated tax. Last year I sent in the first one but not the following three, but my accountant forgot I told him that and had to redo them…so I know that the difference in penalties and interest between making the first payment on time and no others v. no payments at all: $29 v. $79.

By: Frugalchick

Frugalchick — Fri, 24 Oct 2008 00:17:40 +0000

Thanks for the good info. I’m thinking of starting a small business so I’ll probably need to make quarterly estimated tax payments once I get started.