Paying estimated tax on time instead four we have small business as LLC and we havent really get paid much last 3 quarters of this year as we reinvested most of the profits back to the business so we never paid any estimated tax. However since we purchased huge amount of inventories our sale has just rocketed and we expecting large payments to our selves (2 member) as a guaranteed payment, which we might owe tax liability at the end of the year. So we thought we should make same estimated tax payment on the 15th of Jan (last quarter of the year). Last year was our first year of business so we never owe any tax on our return.
I MEANT TO SAY SAY (PAYING ESTIMATED TAX ONE TIME INSTEAD FOUR QUARTERS)
thank you for the assistance
Last edited by jaarso81 : 10-20-2015 at 04:24 PM.
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