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If you are self-employed or don't have taxes withheld by an employer, you are supposed to pre-pay toward your annual tax bill on a quarterly basis. That said, you can just pay your tax bill at the end of the year as a whole.There's a division on people who believe that one way is better than another. I'm one of the ones who feel like as long as I pay my tax bill that if I want to invest that money in a different way during the year and perhaps make more from it than getting a non-interest paying refund at the end of the year (if I've paid quarterly), then it's okay. Either way, you're paying the proper amount.
If you are self-employed or don't have taxes withheld by an employer, you are supposed to pre-pay toward your annual tax bill on a quarterly basis. That said, you can just pay your tax bill at the end of the year as a whole.
There's a division on people who believe that one way is better than another. I'm one of the ones who feel like as long as I pay my tax bill that if I want to invest that money in a different way during the year and perhaps make more from it than getting a non-interest paying refund at the end of the year (if I've paid quarterly), then it's okay. Either way, you're paying the proper amount.
