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Reply to "Estimated taxes: Can I just make one big payment on the 4th payment due date?"
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[quote=Anonymous][quote=Anonymous]The IRS provides for estimated taxes to be paid quarterly. But, they don't know when I earned the income. Can I just wait until the 4th payment due date to pay all estimated taxes at once? [/quote] Yes, if you document that all of your income was from the 4th quarter (if not, you may have to pay interest). Assumption is that your income is a constant throughout the year, unless you state otherwise and document.[/quote]
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