milee
Senior Associate
Joined: Jan 17, 2012 13:20:00 GMT -5
Posts: 12,344
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Post by milee on Apr 15, 2014 15:31:47 GMT -5
This morning I asked DH to sign our tax return. As he was signing he noticed the check to be submitted with the return.
DH: Oh, so that's what we owe in taxes for the year? That's not too bad. Me: No, that's not what we owe for the year, that's just what we owe in addition to the quarterly estimated payments we've been making. DH: Oh, so that's a quarterly estimated payment? Me: No, that's only about half of what a quarterly estimated payment is. DH: So what was the total amount of taxes for 2013 then? Me: Here, I'll dig the number out, but take the amount on that check and multiply it by 9. DH:  
I'm pretty sure he's sorry he asked.  |
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Deleted
Joined: Oct 9, 2024 6:15:28 GMT -5
Posts: 0
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Post by Deleted on Apr 15, 2014 15:53:09 GMT -5
I know why business owners are always complaining about taxes. When you are doing quarterly returns and paying them in a lump sum (and both sides of FICA), the figures are eye-opening (and depressing).
What is even more depressing is paying for unemployment insurance for the one-man shop (both federal and state) when I wouldn't be able to collect.
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