Taxes Q & A- Do self-employment taxes need to - E-PersonalFinance

Taxes Q & A- Do self-employment taxes need to - E-PersonalFinance

Do self-employment taxes need to be paid quarterly or yearly?

Self-employment tax is paid by making quarterly estimated tax payments which include both income tax and social security tax.

References:

Publication 334, Tax Guide for Small Business
Publication 505, Tax Withholding and Estimated Tax

Source: www.irs.gov

Related Answers

If you lease office equipment and machinery with the option to buy, when do you depreciate the purchase price?
If I anticipate a sizable capital gain on the sale of an investment during the year, do I need to make a quarterly estimated tax payment during the tax year?
I am self-employed. How do I report my income and how do I pay Medicare and social security taxes?
How can I correct the spelling of my name with IRS?
I refinanced my home last year and paid points. Are they all tax deductible this year?
All Answers

More Resources

Personal Finance Answers categories Why search the Web, when you can go straight to the best.

Question & Answers

Questions & Answers

What Is a Death Tax?

A death tax is a tax that may be levied on...Read More

Quizzes

Quizzes

Hundreds of Investing & Finance Quizzes, Including

Word of the Day

Word of the Day

Emerging Markets

The term "emerging markets" refers to the financial markets of developing countries....

Read more