CFIs and Taxes

[TripleSticks]

A question for all the contractor CFIs out there.

Do you estimate and file quarterly or wait to pay taxes at the end of the year? Is there any benifit or drawlback to either way?

thanks,
John

 

[Grabo172]

I file at the end of the year, but I also only make about $4-5K a year instructing and just tack it on to my return...

As for the details on how much... I dunno, H&R Block does it all for me!

 

[roundout]

easy. report half, pay taxes on it, and spend the rest.

 

[moxiepilot]

why do i keep reading this thread as CFIs and Texas?

 

[awacs94]

Same here I see TEXAS not TAXES