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| Business Finance Discussions about business finance, such as accounts and accounting, business loans, taxes, and related business issues. |
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About 2 years ago I lost my job in as a Credit Analyst of 5 yrs due to the down fall in the Finance Sector, I was then unemployed for about a yr. Searching for jobs in the same field with a comparable salary as my last was very difficult and the offers that I did get were still much too low to even pay my Mortgage + cost of living.
In Jan of 2009 I decided to go into sales as a 1099 LLC (never been a 1099 before) where I am now making decent income. Catching up with over due bills and mortgage payments, it is now Aug 09 and I have yet to make any quarterly payments towards my Taxes. At the rate of my income I will be literally living paycheck to paycheck from now to indefinite. What are My options regarding my Tax payments for my LLC? I had to resolve my unsecured Credit Debt which hurt my credit so getting a loan is out of the question. My house is actually upside down at the moment so selling it would just cost me more money. Refinancing, I believe is a no go due to my recent credit activity and reduction of income My cost of living is tuned down to a bare minimum. (ex. spend less then $100 a week on Food for 2 people, utilities are cut down to the bare essentials like instead of turning on the AC I'm using fans, Instead of turning on heat , I just throw on cloths.) I am keeping track of all my expenses to write off but that does not out weigh what I estimate my taxes to be. Can anyone offer me some advice? Thank you |
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