We wish you the best, and, along with the IRS, we remind you to pay your quarterly income taxes. Without an employer to submit payments regularly out of your paycheck, you are now responsible for paying your own taxes in increments to fulfill America's pay-as-you-go tax requirements. You must make quarterly estimated tax payments if you expect to owe taxes of at least $1,000 for the year. Underpayment of estimated taxes is on the increase, according to analysis of IRS data. Making matters worse, the former reports that the potential number of filers owing penalties may be greater...

Source: Daily Sun March 21, 2020 09:56 UTC