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What's the Best Way to Pay Quarterly Taxes?
http://www.SodowskyLaw.com If you are an independent contractor and get issued a 1099, you obviously know that income tax is not being withheld from your paychecks like it is with W-2 employees. As a result, you owe the Virginia Department of Taxation and the IRS estimated taxes. The way estimated taxes work is that estimated tax deposits are due on a quarterly basis, which is based off of how much money you have earned for that quarter. However, because this amount can be substantial and...