US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.

Voodoofly: Jul 3, 2002; Some days even my lucky rocket ship underpants don't help

I practice law as a sole practicioner, and also do legal work as an independent contractor, so I have been paying quarterly estimated taxes.

However, I've decided to hang up the shingle and go back into a small firm, where I will be a salary employee again. However, what is the procedure for no longer paying estimated taxes? My next payments for both federal and CA are due on June 15. However, I am planning on starting employment at the new firm in the beginning of June.

I assume I still make this June payment, then no longer worry about making any other estimated payments (assuming I don't have any external income from wrapping up some work as a sole practicioner that doesn't get transferred into my job at the firm). Do I need to file anything in addition, or do they just assume if I stop making estimated paymetns that it is legit?

Thanks in advance.

# ¿ May 3, 2011 19:34

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.