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I pay quarterly. Tax guy was able to tell me, based on last years income, - what to pay. If I saw that I would be making SM

Posted: Jul 25th, 2015 - 5:14 pm In Reply to: When I worked as an IC - my tax preparer told me

more than that, I called him and he revised the amount I paid quarterly. And of couse, if income went down, I just got back more at tax time. I didn't like to do that as I hated the though Uncle Sam was using my money without paying me interest. I would much rather have the use of my money all year and only get a little bit back or pay a little bit. Your taxes shouldn't be seen/used as a saving acct. You are better off using your money yourself, even if it is to deposit in a saving acct rather than pay too much to the IRS.

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