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What happens if you don't pay quarterly?
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Posted By: Colleen on 2007-05-08

Im a single mom. In the past, I have never owed much in taxes based on my income and the fact I have two children and always also qualified for the EIC. This year, I will only be able to claim one child, but I also expect to make only about 2/3rd what I have made the last 2 years running. If I take an IC position at this point and don't pay quarterly, am I gonna get zapped?


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