Tax Question, Please HELP!

[breest]

Hey everyone. I was wondering if you had to pay the IRS taxes on a monthly basis or pay them everything at the end of the year. Alot of people say that you have to pay a litte of your earnings every month by law. Can someone please clear this up for me. Thanks!

-Breest

[QuietMike]

It depends on how much you make. You might have to pay yearly, quarterly...

[breest]

Well damn, who do i need to talk to to find out?

-Breest

[Mr Exotic]

I have never heard of monthly, but quarterly is what I think is standard, if you pay quarterly you will be fine. What I do is pay quarterly on my own, and then at the end of the year I take everything to my accountant, hell I may even get a refund for federal tax because I think I may have paid a few thousand extra. on the last quarter.