Today TaxMama® wants to help you with last minute issues on Tax Day 2014
Today TaxMama hears from Matt in the Tax Quips Forum, who has the right idea. “I have started a side business doing yard work. I am trying to determine the best way to save to pay my taxes. I have a checking account that is just for the side business. I deposit all the money […]
Today TaxMama wants to talk to you about estimated tax payments. I’ve been getting several questions about that topic from a variety of sources lately. So let’s make it easy for you. OK?
Today TaxMama hears from Sue in Nevada with this question. “I am retired and working part-time as a consultant. All of my income is reported via ‘’1099’’ (not W-2). I must pay quarterly ‘’estimated taxes’’ (Form 1040-ES). If I pay the majority of my estimated taxes in December, will I be penalized?”
Today TaxMama hears from Bill in California, who tells us. “I am age 59 ½ and a recently retired federal employee (March 09). There is federal withholding on my pension, But I must file estimated taxes to the state of California on a quarterly basis. How can I file and pay?”
Today TaxMama hears from Rebecca in the Carolinas who has this problem, “I’m on payroll; so I have withholding. But my husband is supposed to pay quarterly taxes, because he is self-employed. He didn’t do it at all in June. I got concerned. So I used the voucher and mailed a scant $100.00 check. It […]
Today TaxMama hears from Megan in KY who tells us, “I have recently been asked to do some marketing communications consulting work for my previous company. I went on maternity leave last February, then resigned. In this freelance position, I have a cap of 25 hours per week that I may work. This is the […]
Today TaxMama hears from Linc in Texas who needs a headache cure. “I recently started working for a company that pays me with a check every week. They do not withhold any taxes from it. How should I go about paying taxes? Quarterly or at the end of the year? I tried to read the […]