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Accounting Made Simple: Accounting Explained in 100 Pages or Less
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1 Reddit comment about Accounting Made Simple: Accounting Explained in 100 Pages or Less:

u/mazmazz ยท 1 pointr/FulfillmentByAmazon

(IANAA:) The entire 2016's income tax is filed between January 23, 2017 and April 15, 2017. If you expect to owe more than $1000 by file time for 2017 tax (filed in 2018), you do pay estimated tax all four quarters: due April, June, September, and the following January. The total amount due is the lesser of 100% of the previous year's (2016) tax, or 90% of the current year's (2017) tax. In the former case, you get your quarterly payment amount by dividing your previous year's tax by 4.

For e-file, here's an IRS-provided list of software and websites (it's empty until January 13th, so check then). My favorite is freefilefillableforms.com (open on January 23rd) -- this presents to you a blank tax form and you fill in the fields and forms you know are needed.

To learn how the forms and taxes work, I highly recommend filling them out by hand and following their line-by-line instructions: 1040, Schedule C, and Schedule SE. The instructions are very logical and highlight exactly how your deductions are qualified and calculated.

And FWIW, these couple books were very helpful to me: here's a very simple primer on small business tax, and if you want to learn basic bookkeeping.