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This question is for anyone who is a partner in an S-corp. My S-Corp. pays me a distribution in December. I was given an estimate this week that my portion may be $10k this year. I have not paid estimated taxes on this since I did not know how much to pay. Can I pay estimated taxes on this amount this quarter? I read IRS Pub. 505 but it is not really clear to me. It states that you pay estimated taxes on the income as it is earned. I take this to mean I should have been paying all along.

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