If you are self-employed, chances are you pay estimated taxes. With the final 2008 payment due Jan. 15, it's worth considering how well your estimates match what you actually owe for last year -- and potentially adjusting that last payment as a result.Here's what you need to know: Estimated taxes serve the same purpose as money withheld from a paycheck -- they fulfill your obligation to pay income tax. Most self-employed taxpayers pay their taxes in four equal payments, usually based on your tax liability for the previous year.
Don't Overpay Your Estimated Taxes
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