Quarterly Vs Annual Tax Payments – Which Is Right For You?
The IRS tax system is a pay-as-you-go one. Most people who earn wages have taxes withheld from their paychecks throughout the year. While those whose income isn’t subject to withholding—such as self-employed individuals and business owners—must make quarterly estimated tax payments. Calculating these quarterly payments can be a bit complicated. But it’s important to get…