Estimate tax payment in refund situation?
by sima hsu, Window Shopper
- Created: January 11, 2013, 4:00 pm
- Updated: January 11, 2013, 4:02 pm
I started my consulting business in Q4 and made a profit. However, I also had a W-2 income in Q2 and Q3 for which significant taxes were already withheld. I know that I will be receiving a refund over the full year. Do I still need to pay estimated taxes in Q4 (prior to Jan 15 2013) because I became a Sole Prop with income in Q4? I think not, but just wanted to make sure. Also, my refund is estimATED but haven;t filed yet because my w-2 form is not received in time before Jan 15...
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