Quote:
Originally Posted by MandyBlake
you don't HAVE to pay estimated but its a good idea.
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Incorrect.
I've had both a tax attorney, and a CPA tell me on more than one occasion that you must pay quarterly if you made a profit the past year, and are going to owe more than $1000.00 for the tax year.
If you had a loss, or will owe less than $1000, then you do not have to.