I will have my interview next month but now I am wondering if I will get any trouble if I did not pay the quarterly estimated taxes for 2009 but I did answer "No" to the "taxes owe" question on my N-400.
Starting from 2008 I sold stuff on eBay and earned some money so I was supposed to pay estimated taxes in 2009. However, in 2009 I got married and I formed an S corporation to do the eBay thing (not sole proprietorship any more), these changes will definitely affect my taxable income and tax liability for 2009. Therefore the estimated tax amounts would be different too. In addition, my eBay sales are seasonal and are much higher in the last quarter than any other time during the year, so I preferred keeping the money to run my business and making a one-time payment with penalties rather than paying taxes equally in every quarter ( I know many busness people are doing the same thing so I believe it's legal to do that).
I have not yet filed my 2009 tax return and I planned to do that after my interview, then pay the estimated taxes and penalties together with my return. Do you guys think I should recalculate and pay the tax before my interview and explain it to VO or I just do nothing and explain only when VO asks related question?
Thanks a lot!
Starting from 2008 I sold stuff on eBay and earned some money so I was supposed to pay estimated taxes in 2009. However, in 2009 I got married and I formed an S corporation to do the eBay thing (not sole proprietorship any more), these changes will definitely affect my taxable income and tax liability for 2009. Therefore the estimated tax amounts would be different too. In addition, my eBay sales are seasonal and are much higher in the last quarter than any other time during the year, so I preferred keeping the money to run my business and making a one-time payment with penalties rather than paying taxes equally in every quarter ( I know many busness people are doing the same thing so I believe it's legal to do that).
I have not yet filed my 2009 tax return and I planned to do that after my interview, then pay the estimated taxes and penalties together with my return. Do you guys think I should recalculate and pay the tax before my interview and explain it to VO or I just do nothing and explain only when VO asks related question?
Thanks a lot!