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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.
‎August 30, 2024
9:53 PM