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jllwtn
New Member

I need to file my quarterly taxes because I just became self employed in may of 2020. I already filed my 2019 return. How do I do this?

 
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3 Replies

I need to file my quarterly taxes because I just became self employed in may of 2020. I already filed my 2019 return. How do I do this?

You can download an estimated tax form from the IRS then fill it out and mail it to the IRS with your check.

 

Or you can use IRS direct pay and make a payment that will be taken from your bank account by the IRS on the date you specify. Here is the IRS direct pay site: https://www.irs.gov/payments/direct-pay

 

The payments for the 1st quarter and 2nd quarter can be combined and sent to the IRS by July 15, 2020.

 

You can use the TurboTax calculator called Taxcaster to help you estimate how much quarterly tax to pay: https://turbotax.intuit.com/tax-tools/

 

Or you can use the tool from within your tax return to give you estimates. To find it with your tax return open, type estimated tax payments for next year in the search box and click on jump to estimated tax payments for next year. Say no to the W-4 question and continue on. 

jllwtn
New Member

I need to file my quarterly taxes because I just became self employed in may of 2020. I already filed my 2019 return. How do I do this?

wow, that was super helpful.  thank you so much!!!

I need to file my quarterly taxes because I just became self employed in may of 2020. I already filed my 2019 return. How do I do this?

Thanks for the feedback. Glad I could help.

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