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Level 1
posted Aug 28, 2024 9:05:47 AM

paying taxes part 2

If I'm not paying on behalf of my business - do I pay under my personal SSN quarterly? I have set money aside to be paying my taxes but cannot figure how to pay.  This is my first time being self employed with a sole proprietorship.   Thanks! 

0 4 1240
4 Replies
Level 15
Aug 28, 2024 9:08:23 AM

Yes, use your SSN to make the estimated payments.

Level 1
Aug 28, 2024 9:16:14 AM

@Anonymous_  so even if I have the business under a separate EIN, I should pay taxes under my personal SSN? 

Level 15
Aug 28, 2024 9:16:44 AM

Correct

Employee Tax Expert
Aug 28, 2024 10:06:00 AM

Yes, you can pay under your social security number, if you're not using and EIN - Employer Identification Number.  

 

Here's a good resource for how to make the payments.  When you get to the IRS payment website,  and select the payment method, you'll choose tax year 2024, form 1040, and estimated payment.  You'll then authenticate your identity and make the payment.  Be sure to save a copy of your confirmation for reference.

 

Hope this helps!

Cindy