Estimated tax payments and penalties I started a small business this year developing websites, making my first profit in June. As this is the first side business I've had, I had thought to pay all my taxes by April 15th in 2009 - however I just discovered that quarterly payments are due. Two questions:
1. Is there any way to get around this? Could I just pay everything off in January?
2. If not, what are the penalties?
Thanks. |