I failed at Lease Purchase.

Then you need to revive VH1 so i can go 'Behind The Music'. Do it to it, PJ!

 

What the heck are you talking about you think I'm smart or what?

 

Best laugh I've had today. Thank you!

 

The very first thing I learned when I started my co. 20 yrs ago, pay yourself a salary and make sure taxes are payed first.

 

I've been in business for 3 years now and have never paid estimated taxes. You can elect to pay them all at once for a small penalty. My penalty for 2015 was 178 bucks. No penalty this year because I got a refund. The caveat here is you #### well better be disciplined with your money or you'll really put yourself in a jam when it does come time to pay.

 

How can you not pay your estimated taxes? Doesn't even make any sense. Plus he has a wife at home to help manage that sort of thing. All my money went into one big pot when I did it. Of course I didn't have any major expenses (cleared out all my debt before I did the l/p) and also don't have a wife at home that's raiding the bank account. But still you know going into it that at least 25-30% of your net gross goes to taxes. Bottom line is if you're irresponsible and don't plan accordingly these sort of things happen.

 

If you never paid estimated taxes how could you get a refund? Lol

 

It's possible to fall into a bracket where you get EIC money. That, and a tax credit for Obama care

 

I bet his lease purchase was successful for Schneider.