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Old 01-22-2008, 11:01 AM  
Tom_PM
Porn Meister
 
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Join Date: Feb 2005
Posts: 16,443
Hey, almost all of my income is from companies that arent american. You bet your ass I report it! LOL

After a couple of years, you'll be able to guesstimate what your tax bill will be. So maybe set up a short term CD or something with that amount. At least you'll have earned a bit of interest on the money before you have to dump it all on the IRS (and start up a new one). And if you have to make quarterly payments (which you will once you make more money), then the CD will be all yours along with the interest it earned. Just plan ahead I think and you'll be ok as you make more money.

I love the people who get refunds like $3000.. they have no idea that they've given the government an interest free LOAN all year long to the tune of $3000, lmao. Then they get all excited and blow it like it's free money from the government or something. And then theres the suckers who also pay to have someone do math for them, then pay interest on an "instant refund" which is really a LOAN! LOL! And people say adult has scammers, sheesh.

And yeah I know, it's smart to have a tax preparer if you are pressed for time and buried in receipts and such.. blame the complicated IRS scam system for that.. But usually they target the idiots and fleece them coming and going when it's just writing a number and subtracting, lol.
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