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hI JUST US TRUCKING, SINCE YOU WILL NOT BE STARTING IN YOUR VENTURE UNTIL AFTER THE 1ST OF THE YEARS YOU WILL NOT HAVE TO PAY QUARTERLY TAXES UNLESS YOU WOULD LIKE TO. BUT YOU WOULD HAVE TO BASE IT ON THE 1ST QUARTER INCOME AND THEN PAY THE TAX NO LATER THAN APRIL 15TH FOR YOU QUARTERLY. BUT...

Mouse. the only proof that you purchase any items are the reciepts, the bank statement does not explain exactly what you purchased. SO THE ANSWER IS NO. TO USE YOU BANK STATEMENT FOR PROOF OF PURCHASE, THE IRS WILL LOOK AT U IN AN AUDIT AND WILL DISALLOW ALL DEDUCTION WITHOUT ACTUAL PROOF OF...

Hi Mouse, Forum name: Tax Topics For Expediters. Subject: RE%3A Paying quarterly taxes %3F Posted by: mouse549 Message : So since I started driving, Oct.'04, do I have to pay estimated taxes in Jan.'05? (I was a company driver, from Jan.- Sept.'04.) I live in Chicago. MOUSE 549 IN ANSWER...