Rate this post by selecting a number. 1 is the worst and 5 is the best.

Author Message   Andhrajamesbond Kurra Bewarse Username: Andhrajamesbond Post Number: 1560 Registered: 03-2004 Posted From: 68.93.142.53 Rating: N/A Votes: 0 Posted on Monday, July 31, 2017 - 4:11 pm:    Ajaatasatru: Also do you guys pay IRS quarterly or at the end of year ? If you are on W2: just yearly.If you are on 1099/independent contractor , you need to pay estimated taxes quarterly or you will end up paying some interest and penalty for not doign so.you take 1099 from employer and just pay the amount ? What if we pay incorrect amount of tax, seems IRS asks for interest etc,