FlyerTalk Forums - View Single Post - Paying taxes with Credit Card on monthly basis
Old Aug 9, 2014 | 2:06 pm
  #6  
MileageGoblin
 
Join Date: May 2005
Posts: 1,338
No can do. Self employed can since they remit taxes quarterly.

You can claim exemption from W-2 withholding for the current tax year only if both the following situations apply:

For the prior tax year, you had a right to a refund of all federal income tax withheld because you had no tax liability, and
For the current tax year, you expect a refund of all federal income tax withheld because you expect to have no tax liability.
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