when do i send the money for my self employment taxes???
2006-12-08 12:45:22 · 4 answers · asked by -=>¿Luî§?<=-™ 4 in Business & Finance ➔ Taxes ➔ United States
So i still have time to save up money for this years taxes(ending on December) right
i mean i could send it like in mid February so i don't have to send the money on right away on January
2006-12-08 13:18:27 · update #1
When you file next year, whether it be right away, or just before April, you will get hit for self employment taxes. At that time, the tax will be added onto any other outstanding taxes from 06, and you will either pay or get a refund depending on your overall tax picture.
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2006-12-08 12:48:23 · answer #1 · answered by Anonymous · 0⤊ 1⤋
You're supposed to send it in quarterly. If you wait until you file your return, depending on how much you owe, you'll probably get hit with interest and possibly penalties for underpayment of estimated taxes.
2006-12-08 14:25:24 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
When you get your taxes done for 2006, you will find out what your tax due is based on your income..There after, you will pay estimated quarterly taxes.
2006-12-08 12:53:20 · answer #3 · answered by Q.S.G 3 · 0⤊ 0⤋
by April 15th
the best thing to do is send it quarterly
2006-12-08 12:48:59 · answer #4 · answered by Mrs Fulton 3 · 0⤊ 0⤋