BobKamman
Level 15
09-26-2024
12:00 PM
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I think this question comes up here every year or so. It's not right, but it's a solution for some small business owners who have trouble keeping up with quarterly payments. Three weeks away from an extended due date, I would deduct it as wages and tell him not to do it again. Either take a monthly draw at the same time he makes a monthly ES payment; or set up an LLC taxed as an S corporation.