Freelancers: Pay Your Taxes

https://www.petekeen.net/pay-your-taxes

by zrail • 11 years ago

2 6 11 years ago

thoman23• 11 years ago

Or don't...and invest that money during the year. It's trivially easy to earn more investing than you will pay in interest to the IRS at the end of the year.

zrail3• 11 years ago

I'm all for investing my own money, but investing the IRS' money seems really risky. I still owe that money to them, even if the market goes down. You could theoretically do some fancy tax lost harvesting, I suppose, but I would want to be very sure of my math.

damm2• 11 years ago

Depending on what kind of Money Market account you have the interest can be low or high; and you can determine your risk.

Basically if you can hold onto the money and save it; the interest can make it easier to pay the IRS.

... It's not like the IRS will give you interest if you pay quarterly; or a cut of your taxes.

Lastly, it's stupid to overpay your taxes thinking your going to get money back from the IRS. Put it in an bank account and get interest.

Freelancers: Pay Your Taxes

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