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May

How long does the IRS allow to pay self employment taxes ?

Posted by admin  Published in United States

Thomas M asked: I think that I will have to pay self employment taxes for the first time. Will they allow me an extension and/ or the opportunity to create a monthly payment plan to pay off the taxes if I do not have the money immediately ?
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10

May

Any way to reduce my Self-employment tax that I pay without decreasing my Income?

Posted by admin  Published in United States

brewerfanx1 asked: I know that the Self employment tax is 15.3 percent.I make $70,000 a year, and I’m self employed. I also get a 1099 that states my Income. I did one of those Turbo tax on line calculators and I had more deductions then income. So I didn’t owe anything on [...]

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