Hi, I hope to encourage readers, young & old alike, to take a more active role in your personal finances, to learn about your money and how to keep more of it. The goal is not to tell you what to do with your money, but to help inform you about money so that you can make responsible money decisions of your own, and the best possible money choices of your own. Welcome! Glad you could make it. Come on in, get cozy and let’s talk!
Showing posts with label estimated. Show all posts
Showing posts with label estimated. Show all posts
9.01.2013
If you are Self-employed are you withholding your taxes?
So you are self-employed, and, your income is not being reported to the IRS on a W2 but on a 1099-MISC form, which means that neither federal income tax or self-employment taxes are being withheld from your checks, and it also means that you are responsible for getting those funds over to the IRS on a regular basis, quarterly in fact. Basically, you are required to pay
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"No matter who you are, making informed decisions about what you do with your money, will help build a more stable financial future for you and your family." Alan Greenspan