Quote:
Originally Posted by mikeyddddd
There's a difference between sending in a check of a lesser amount taxing the fruits of your labor and receiving a check of a larger amount as a result of your recreation.
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Ok, then explain why the guy next to me at work who earns exactly the same as me deserves to get a check for 1000's of dollars because he dosen't use birth control and has 5 kids, but I actually have to write check to the IRS for $100 because I have no kids, or home, or lazy bitch living with me.
PS: If you are doing what you said above then you are in violation of paying estimated tax. You can only do that for the first year of you business or if your business did not return a net profit the previous year.