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Old 09-18-2009, 03:17 PM
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Join Date: Jan 2009
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Can you please explain when a taxpayer is required to pay estimated taxes?

I am confused with respect to making estimated tax payments. I am a small business involved in the retail business and my business income fluctuates a lot especially towards year-end. It is very difficult to determine with precision how much profits I will make and therefore, how do I make my estimated tax payments not knowing in advance what my true liability is going to be??

Thanks so much in advance for your answer!!!



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