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Author: dawnmcd One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121189  
Subject: Quarterly payments Date: 4/7/2000 9:27 PM
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I make estimated quarterly payments, only since last year, and I'd like to have a couple questions answered:

1. I assume that when I make a payment in April, I am paying taxes on the income that I received in January, February and March, and when I make the June payment I'm paying taxes on my income for April and May, etc. If this is not correct, please set me straight.

2. Assuming the above is correct, I'm having trouble with the concept of simply breaking up the taxes into four equal payments. It is especially difficult to come up with three months' worth of taxes only two months after the April payment (why didn't they just make the payments evenly spaced every three months?). Would it be ok for me to "pro-rate" the payments as follows?
April - $1270 (covering Jan/Feb/Mar income);
June - $845 (covering Apr/May income);
September - $1270 (Jun/Jul/Aug);
January - $1700 (Sep/Oct/Nov/Dec).

Thank you.

First-year Fool
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