"Mortgages are monthly taxes annual."
Whoops....wrong answer. Yes, you file an annual Federal Tax Return, but the federal tax is a pay-as-you-go tax. Go ahead and Google it.
Otherwise, what you'd be telling me is that all money I withhold from my employees is mine to spend however I please, so long as I turn it in to the IRS sometime before tax season. Nevermind the monthly, weekly, or next-day tax deposits that have to be made to avoid penalties and interest. Or tell that to all the people who have to file quarterly tax estimates. Feel free to take your chances, but understand that you are most likely breaking the law.
Re: Inhouse vs Contractor
Member #: 40737
Registered: 9/16/2005
Posted:
123
Name:
David Schreiber
Name:
David Schreiber
Company:
Total Facility Management
Occupation:
owner
Location:
Southern IL
There is 1 reply to this message
