I work part-time and own a small gardening business. My wife also works and is the primary earner. I didn't pay quarterly taxes because our deductions usually off-sets any profit the business makes. This year's unemployment benefits put a wrinkle in my reasoning. Since I would owe taxes and didn't pay quarterly taxes, I am also looking at a penalty, as I recall. With coming legislation taking away taxes due on unemployment, my question is, should I wait and possibly file an extension to avoid paying any taxes and penalties?
