If i am self employed, and had made estimated payments to the IRS for $2000 in 4/15, 6/15/, and 9/15, how much do i pay on 1/15 of the next year?
2007-03-30 09:10:31 · 3 answers · asked by kervel 1 in Business & Finance ➔ Taxes ➔ United States
It depends on what you expect your total tax liability, including self-employment tax, to be. If less than $6000, then you wouldn't need to make the fourth quarterly payment. If more, then whatever you expect your tax liability to be, minus the $6000 you've already paid in.
2007-03-30 15:35:42 · answer #1 · answered by Judy 7 · 2⤊ 0⤋
I am estimating whatever you paid the other times if you are figuring the same amount of money. When I had to pay in payments the IRS sent me envelopes with the amount and dates on them enclosed. bettyk
2007-03-30 09:18:58 · answer #2 · answered by elisayn 5 · 0⤊ 0⤋
http://www.irs.gov/pub/irs-pdf/f1040es.pdf
Take a shot. Giver a read
good luck & bless
2007-03-30 09:59:07 · answer #3 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋