Sean Enrolled Agent
Employee Tax Expert

Self employed

@Muk6202 , these are some great questions!

You can continue to use the IRS Direct Pay method to make your estimated tax payments. You will want to keep the records of these tax payments so that you can enter in the information regarding estimated tax payments when you file your 2023 tax return.
Feel free to view the following IRS website for more information: https://www.irs.gov/payments/direct-pay 

The IRS does want your business to have a separate business account. 

Sole proprietorships aren’t required to have a separate business bank account unless they trade using a fake DBA name  (doing business as). 

However, when you mix your business and personal fund, it could make organizing your finances challenging during tax time.  It may also make it difficult to prove that the funds are being used for business purposes if the IRS were to ask for more information.


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"