Q3 Estimated Taxes Due on Monday
101 Domain

Q3 Estimated Taxes Due on Monday

9

It’s that time of the year again! For people and companies in the US (LLCs for example), estimated taxes are due quarterly. Because the typical September 15 due date falls on a weekend this year, Q3 estimated taxes are due  to be postmarked on Monday, September 17, 2012.

I don’t love writing checks to the US and NY governments, but it sure beats not having to pay taxes!

If you haven’t sent your third quarter estimated taxes in yet, now is the time to do it.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (9)

    BullS

    Have you ever thought of living where you don’t have to pay taxes on what you earn?

    It is like taxing your hard work and ingenuity.

    September 15th, 2012 at 11:27 am

    Elliot Silver

    Nope… I love the USA.

    September 15th, 2012 at 11:56 am

      BullS

      The reason why I want to see Rumney’s tax return is to see what kind of tax loopholes, how and where he is making the money….

      I really don’t care how much he makes, just want to know where he is making the money.

      He is going to lose!!!

      September 15th, 2012 at 12:48 pm

    Acro

    Elliot, you should work for the IRS :D Whenever I make quarterly payments I think of your reminder posts LOL.

    September 15th, 2012 at 12:02 pm

    Shane

    How do you treat domains for tax purposes? Do you write off costs for your domains each year – or do you have to carry all the costs until you sell the domain or let it go? My tax advisor recommends the latter, but this seems harsh to me.

    September 16th, 2012 at 12:20 pm

      Elliot Silver

      When it comes to tax stuff, I let my accountant handle everything. When I first started out in the business, I sent my accountant the domain tax guide to give him some background from an expert.

      September 16th, 2012 at 12:45 pm

      Shane

      So what does your tax advisor choose to do? Do they amortize the costs over 15 years or do they have you carry the inventory until sale?

      September 16th, 2012 at 1:20 pm

      Elliot Silver

      I treat my undeveloped domain names as inventory.

      September 16th, 2012 at 1:23 pm

    JNet

    Done ! package to Uncle Sammy sent last week.

    I hope to owe more on the sales of domains DomainNameTaxes.com, LowTaxes.net and CapitalGainsRate.com … Hopefully before the US tax rates go UP ! — LOL

    September 17th, 2012 at 11:22 am

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