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GRBJ HIGHLIGHT: Estimated Tax Payments — a Necessary Evil

Steve Struck is back at it!

Steve has written yet another article for the Grand Rapid’s Business Journal, and this time it is a two part series! Steve touches on the how, what and who of the necessary and complicated evil of estimated tax payments.

“Quite often, I hear people complain (you know who you are) about having to pay quarterly estimates. This is especially true with taxpayers who are either self-employed or employed with multiple types of income, such as rents, flow-through income from S corporations or LLCs, interest, dividends or capital gains.

What’s all the fuss about estimated tax payments? Why are individuals required to pay them? How are they calculated?

The answer, of course, lies in the details. This is the first part of a two-part series on estimated tax payments covering the what, who and how of this necessary and complicated “evil.””

 

Read the rest of Steve’s article on the Grand Rapids Business Journal!

http://www.grbj.com/blogs/1-banking-finance/post/87382-estimated-tax-payments-a-necessary-evil

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