Courtney B asked:
If I report my estimated taxes quarterly, what forms would I need to file if I’m self-employed? Do I have to file a scedule c form and 1040 SE quarterly or just a 1040ES form? I’m confused, please help!
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17
Nov
Courtney B asked:
If I report my estimated taxes quarterly, what forms would I need to file if I’m self-employed? Do I have to file a scedule c form and 1040 SE quarterly or just a 1040ES form? I’m confused, please help!
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1 user responded in this post
You use Form 1040-ES to make the estimated payments.
You prepare Schedule C or C-EZ when you file your tax return next year and attach it to Form 1040. If the net profit is more than $400, you also prepare Schedule SE to calculate the Self-Employment tax (roughly 14% of the net income due to how it’s calculated) and attach that to Form 1040 as well.
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