Wholesalers: do you pay quarterly taxes or wait til they're due?

[Brad Swearingen]

Hey Wholesalers,

I am finishing up this year's taxes and TurboTax is asking if I want to estimate quarterly tax payments.  I have never done quarterly tax payments.  However, I have a full time w-2 job and then I wholesale houses on the side.  Do you think I would need to pay quarterly taxes so I don't get penalized?  What do you do?  Thanks!

Brad

[Aaron K.]

Quarterly taxes usually aren't a choice either the IRS says you need them or you don't.  Mathematically speaking don't pay quarterly taxes if you don't have to, but be sure you have enough to pay your taxes when they come due.