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Author: medgoddess Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121172  
Subject: Couldn't find the answer. Date: 2/12/2012 4:34 PM
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Thanks in advance for any help.

I miscalculated 2011's taxes and will be getting a large (waaaay too large) refund. OTOH, better that than to miss the safe harbor.

2012 will be the first year that I am working as an independent contractor & therefore need to deal with taxes myself. I know that I need to do quarterly taxes. My question is can I use the refund as the 1st quarter's payment? Or am I going to have to take it as a refund and then turn around and send in my payment?

Kristi
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Author: CABob Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 115046 of 121172
Subject: Re: Couldn't find the answer. Date: 2/12/2012 5:17 PM
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Look at line 75 on form 1040.

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