The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Est taxes - one pmt instead of quarterly?||Date: 3/22/2013 7:53 AM|
|Author: Jennlee222||Number: 118110 of 124818|
My fiance always has to pay quarterly for estimated taxes.
He's wondering if instead of paying quarterly he can just pay it all in one payment up front because of the hassle-factor of remembering and having to make the separate payments.
I'm assuming you should be able do this, but is there any info on exactly what you do - do you just pay the full amount on the first quarterly payment date and then just not do anything else until you file your taxes?
He's already filed his 2012 taxes, and the tax software generated the quarterly payment amounts and coupons for this year with that. Does that matter in terms of if he can pay one payment instead?
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