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self employed, but not required to pay estimated taxes?
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the annualized method allows you to take a look at each quarter independently and pay the tax in the quarter that you earned it. -- according to linda durand, a certified public accountant with drolet & associates pllc in washington, d.c., from the bankrate article "paying quarterly estimated taxes"  and after paying annualized quarterly estimates, you can still owe up to $1000 at tax time without penalty.
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