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This is such a wonderfully naive view. Nobody is doing it for fun. They're doing it because they don't have the money nor the time to pay the IRS and an account
by TechBro8615 6y ago
This is such a wonderfully naive view. Nobody is doing it for fun. They're doing it because they don't have the money nor the time to pay the IRS and an accountant every 3 months.
- mixmastamyk 6y agoNope, you have reached the limit of your knowledge. Estimated taxes must be paid at a minimum every quarter with few exceptions. You'd face large penalties for not complying over a period of time. https://directpay.irs.gov/directpay/payment https://directpay.irs.gov/directpay/payment That doesn't mean filing, it means estimating and paying. The rest of your post was pretty good, so it's disappointing to see you double-down on its one major flaw.
- TechBro8615 6y agoI'm not disputing that it's a requirement. I'm guessing that its compliance rate is low.
- mixmastamyk 6y agoCompliance rate probably increases when the first penalty arrives for taxes being 9 months late. They are usually lax at first however.