1. Pampered Chef relies on relationships and communication. How are you managing your business in the wake of Coronavirus and social distancing? Discuss here
    Dismiss Notice

Pampered Chef: How do I know if I need to pay quarterly taxes?

  1. pc_momof3

    pc_momof3 Novice Member

    44
    0
    Hello,
    I'm wondering how you know if you need to pay quarterly taxes or not. We have more than we need taken out and get a large refund so that has been more than enough to cover what I owe for self-employment tax. Is that good enough if we're not owing anything to the IRS? How do you know?
    TIA!
    Angie
     
    Mar 23, 2009
    #1
  2. pkd09

    pkd09 Future Director Silver Member

    1,911
    4
    I believe the IRS will let you know via letter.
     
    Mar 23, 2009
    #2
  3. DebbieJ

    DebbieJ Legend Member

    10,901
    2
    contact an accountant.
     
    Mar 23, 2009
    #3
  4. I heard from an accountant the other day that if you owe more than $5K at tax time the IRS will have expected you to have been filing quarterly. I agree ... contact your accountant!

    lk
     
    Apr 17, 2009
    #4
Have something to add?