"Pay as you go"

[cmeador]

"The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. There are two ways to pay as you go."
IRS Publication 505After maybe ten years or so of paying income taxes through employer witholding, this will be my first time having to pay "estimated tax", which is what you have to do if you are

Comments

[anonymous]

Good luck with your estimated tax. I think we had to do that this year for some reason. I can't remember if it was because Chuck did some contract work, or if it had to do with our income bracket. Whatever the reason, it was annoying but necessary. If you run into problems, give him a call.

Melissa