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Paying Estimated Taxes.......

Discussion in 'The Taxidermy Industry' started by D.Price, Jun 10, 2017.

  1. Jun 10, 2017 #1
    D.Price

    D.Price Well-Known Member

    3,416
    243
    Youngsville, North Carolina
    ............SUCK!!!

    DP
     
  3. Jun 10, 2017 #2
    michael p.

    michael p. Getting better with age :)

    25,278
    9
    Texas Damnit!!
    Yep, your money held without interest being paid...but they are getting a sh it load of money payed to them from depositing your 'estimated' income tax.
     

  5. Jun 10, 2017 #3
    Jerry Huffaker

    Jerry Huffaker Well-Known Member

    2,501
    316
    We don't pay our taxes the customers do.
     
  6. Jun 10, 2017 #4
    pir^2h

    pir^2h Retrievers give you the bird

    4,614
    4,851
    Tennessee
    Been there, done that. As long as you pay in as much as you owed in taxes last year you are safe but, it will suck more if you have to cough up again on 15 April because you didn't pay in enough. I never got a refund when I was self employed. Any overpayments were applied to the next estimated payments.
     
  7. Jun 11, 2017 #5
    joeym

    joeym Old Murphey

    13,902
    8,641
    Chunky, Mississippi
    Yep, and this is the week. BUT, I'd rather pay them now than later. One year we had to pay $9000 by April 15, and it hurt...a lot!!!!
     
  8. Jun 11, 2017 #6
    michael p.

    michael p. Getting better with age :)

    25,278
    9
    Texas Damnit!!
    And I'd rather have that money working for me, not the government.
     
  9. Jun 11, 2017 #7
    D.Price

    D.Price Well-Known Member

    3,416
    243
    Youngsville, North Carolina
    Jerry you are lucky, I haven't had a client yet that was willing to write that check and mail it to the IRS or the NCDOR !!!

    DP
     
  10. Jun 11, 2017 #8
    Jerry Huffaker

    Jerry Huffaker Well-Known Member

    2,501
    316
    Our taxes are all incorporated in our pricing. It's not luck .
     
  11. Jun 11, 2017 #9
    D.Price

    D.Price Well-Known Member

    3,416
    243
    Youngsville, North Carolina
    I understand what you are saying and ours are also, but it still sucks to make that payment.

    DP