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Originally Posted by V_RocKs
I think some people are missing the difference of paying personal taxes and paying self employed taxes. If you are a sole proprietor you must pay quarterly. If you never DBA'd then you do not need to. Some of those who never paid quarterly probably are not truely self employed by the gov't standards... and yes, they do come back to get you.. and also yes, it is good to give them ZERO reasons to magnify your books.
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I beg to differ V_Rocks... individuals are required to make estimated tax payments whenever they expect to owe tax for the year and Federal Income Tax deposits made on their behalf by an employer (if employed) are not equal to 90% of what they owed in total for the prior year. If no one makes Income tax deposits on your behalf then you must pay quarterly to cover the tax owed on income in that quarter.
Read more here..
http://www.irs.gov/taxtopics/tc355.html