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Taxes!

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Posted by Randy Talley on April 18, 1997 at 11:13:46:

Help!
At last my small freelance biz has taken off. I have several large income accounts that occur on a monthly basis. However, my question is, how do I handle paying quarterly taxes if I am unsure of my total income for a quarter?
It has been suggested to me that I place 28% of each invoice payment into an account (to draw some interest)until I can better estimate my taxes.
I am really confused and DO NOT want to wait until next year to find that I owe a zillion dollars!
Any advice would be will received.
Thanks!

Follow Ups:

Re: Taxes! Rick Frye 17:31:27 4/23/97 (1)
- Re: Taxes! Nancy 05:12:35 4/28/97 (0)
Re: Taxes! Nancy 08:32:22 4/20/97 (0)

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: Help! : At last my small freelance biz has taken off. I have several large income accounts that occur on a monthly basis. However, my question is, how do I handle paying quarterly taxes if I am unsure of my total income for a quarter? : It has been suggested to me that I place 28% of each invoice payment into an account (to draw some interest)until I can better estimate my taxes. : I am really confused and DO NOT want to wait until next year to find that I owe a zillion dollars! : Any advice would be will received. : Thanks!

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