Yes, I should be paying quarterly. However they usually let you go the first year before you get penalized. For now even if I do get penalties I'll just chalk it up to a learning experience. They aren't going to toss you in jail or anything after all. As long as you show you are in good faith trying to meet the requirements they will work with you. The penalities aren't that high either, so I'm waiting to see if it's much a deal to worry about it, I think maybe they are 5-8% of the owed, along with interest earned in how late you didn't pay.
-niko On Jan 21, 11:17 am, TreKing <[email protected]> wrote: > On Fri, Jan 21, 2011 at 10:55 AM, Justin Giles <[email protected]> wrote: > > Here are some guidelines > >http://www.irs.gov/businesses/small/article/0,,id=110413,00.html > > Thanks. You know what, I'm going back to TurboTax, going to fill out > everything to the best of my ability, then going to pray. > And if the IRS comes knocking, I'll play stupid. "What are these 'taxes' you > speak of!?" > > --------------------------------------------------------------------------- > ---------------------- > TreKing <http://sites.google.com/site/rezmobileapps/treking> - Chicago > transit tracking app for Android-powered devices -- You received this message because you are subscribed to the Google Groups "Android Developers" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/android-developers?hl=en
