Business & farm

Thank you so much for the response. Do you mind I asking two more questions?

 

1. The self-employment tax is for Federal which should be paid to IRS; California doesn't have additional self-employment tax correct?

2. If I'm a little short on cash this quarter, can I pay less for Q3 estimate and pay more for Q4 estimate? For example, if I should be paying $5000 estimate per quarter, can I pay $2500 in Q3 and $7500 in Q4? Would there be a penalty?

 

Thank you for your time.