How does a freelance writer/researcher pay taxes?

Question

I know about the 1099 form, but I want easy-to-understand instructions and details. What percentage should I expect to withold from my earnings to pay taxes at the end of the year?

Answer 1

Usually, depending on your income level, you have to file your taxes quarterly and pay them quarterly. The IRS doesn't like waiting on their money from freelancers.

The IRS has publications specific to this. If you're in doubt, you can contact the IRS for assistance or speak to a tax specialist.

Answer 2

Go see a tax professional!! Just from the way you ask the question I can tell that they will save you more money than you will pay them.