qgedeon
Returning Member

Filing while being claimed as dependent.

Hi, I was reading your thread about dependents and was wondering to clear up some questions.

I am under the age of 24 + full time student. My parents claim me as dependent but I work as self employed. I believe I still have to pay self employment tax and file a tax return but is that all I have to pay or do I have to pay income tax as well? If so, how do I set it up to pay quarterly and what forms do I have to sign as a self employed individual.