   | Welcome to the Notary Talk General Discussion Forum. Before posting, please read the  |
You are replying to this message: | | Posted by Carolyn Bodley on 2/21/21 9:33pm
Actually, tax preparers’ tax programs, as well as DIY tax programs (TurboTax, etc.), calculate what your earnings and tax liability will be for the upcoming year(s) - 2021, 2022, 2033, etc. The programs print your quarterly payment coupons. The amounts to pay are not set in stone, or a figure the IRS says you need to pay. If you have a slow quarter, simply cross thru the amount and pay roughly 15% for that quarterly earnings. If you have an exceptionally outstanding quarter, cross thru the amount and send in accordingly. If you overpay, you will get a refund the next year, or you can apply the overage to the upcoming year. |
|