JandKit
Employee Tax Expert

Self employed

Hi
Taking your questions is the order given
1. Yes, estimated taxes should be paid to prevent the estimated tax penalty

2. You can make the payments at IRS.Gov/Payments

3 & 4. Reimbursements are not available as a deduction to you. If reimbursed, you have no cost in the expense. It is possible that the mileage you drive is partially reimbursed. In that case, the balance of the expenses can be claimed on the tax return.

5. Currently business meal expenses are deductible at 50%

6. Finally, If being a soleproprietor allows more freedom than choose that path. It is exciting and an individual decision that only time will tell

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