I wrote a blog, a while back, on making estimated tax payments to the Internal Revenue Service and to the State of California. Please keep in mind that if you live in a state where there is no state income tax, just make your federal estimated income tax payments on April 15, June 15,
September 15 and January 15 of the following year.
Out of Country Clients:
The information given above only applies to those who live in the United States, and in appropriate territories. However, you should get in touch with
your tax preparer,or legal counsel, in your country of residence, and formulate a plan to set aside funding to satisfy the government obligation. Remember, planning
ahead minimizes the shock when paying taxes.
Finally, this strategy will also work for brick and mortar stores, and on-line businesses.
Make some serious money, and to your success!