OK, let me see if I've got this straight
Thursday, April 30th, 2009 05:44 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
rolanni1. We were Evil People because we didn't know that we were going to have a large payment at the end of 2008 which was going to kick us into Tax Liability Overdrive.
1a. When we Realized the Depth of Our Evil, we should have immediately repaired to the time machine so that we could file proper quarterly taxes to the state. We are Doubly Evil for not taking this chance to redeem Honor.
2. Having been discovered in our Evilness, we have been fined, and we are Duly Chastised.
3. However, now that we are known to be Evil, we need to file quarterly state taxes.
3a. The quarterlies must
(a) cover 90% of what we owed this year, even though we're no way going to earn as much money this year as earned last
(b) be exactly the same payment every quarter, but --
(b1) if we overpay the quarterlies, we'll be fined
(b2) if we don't pay the same amount each quarter (which is unlikely in the extreme, given how money flows into this household), we'll be fined, except!
(b2b) if we file an Annualized 2210 with our income tax, explaining in detail when we got which bit of money
...and they say Maine is unfriendly to small business.
1a. When we Realized the Depth of Our Evil, we should have immediately repaired to the time machine so that we could file proper quarterly taxes to the state. We are Doubly Evil for not taking this chance to redeem Honor.
2. Having been discovered in our Evilness, we have been fined, and we are Duly Chastised.
3. However, now that we are known to be Evil, we need to file quarterly state taxes.
3a. The quarterlies must
(a) cover 90% of what we owed this year, even though we're no way going to earn as much money this year as earned last
(b) be exactly the same payment every quarter, but --
(b1) if we overpay the quarterlies, we'll be fined
(b2) if we don't pay the same amount each quarter (which is unlikely in the extreme, given how money flows into this household), we'll be fined, except!
(b2b) if we file an Annualized 2210 with our income tax, explaining in detail when we got which bit of money
...and they say Maine is unfriendly to small business.
no subject
Date: 2009-05-01 01:57 am (UTC)On the other hand, it saved me from a fine once or twice when I could show a lump of income in December so I wasn't underpaid on the earlier quarterlies.