Thanks for the response. However, if I have enough money withheld from my wages this year and the withheld money is equal or more to tax liability of 2008, I dont even have to worry about how profitable the business is right?
Also, i have a 11,000 capital loss this year and I will be able to offset any capital gains and 3000 of ordinary income. I highly highly doubt that I will owe more than 1000 in taxes come 4/15/2010. I shouldnt have to worry about 4th quarter estimated payment then, right?
Thanks! |