Decided to just start a new thread. I will be paying my estimated taxes for three quarters at once. (I'm behind.) However, my estimated taxes for this year are based on only 3 months of dance income last year, making the quarterly amount very low. By the end of 2007, I will have made almost to the dollar 5x more dancing than last year, so my estimated quarterly taxes "should" be higher.
Question is, should I have been paying more per quarter since I will owe significantly more in the long run, or should I stick to the amount on the quarterly pre-printed stubs from the IRS and deal with paying taxes on the difference later?




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