4 ms·
For example I will use all income in the first half of the year to pay off all of my debt In the USA, this is a form of tax evasion, as you are required to pay
by masonic 6y ago
For example I will use all income in the first half of the year to pay off all of my debt
In the USA, this is a form of tax evasion, as you are required to pay estimated tax 4 set times a year, based on income during those periods. So, it might be prudent to avoid boasting about same in a public forum.
- rossdavidh 6y agoWhile you certainly should make payments 4x yearly, and I do, the reality is they just penalize you (10%, IIRC). I've never heard of it being prosecuted as "tax evasion". But, unless your interest is >10%, probably actually costing you money compared to making 4x payments per year. IANAL (or accountant).