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West Central IL | So I farmed for 20 years. Tiiled full time 5 years. Use to work a full time job before full time tiling. Never had a year of showing a loss farming. Only paid quarterly once 10 years ago and did not like it. Always paid a small penalty for not paying quarterly but this year was quite a bit more. The way I understand it is since I'm self employed tiling is what is causing more of the penalty. Just kind of curious if that is the right way I am understanding it. I am thinking of paying a half of what my estimated 2024 taxes will be but that's a crap guess | |
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Paying taxes quarterly
