Holly W
Employee Tax Expert

Self employed

Hello @Janet_21 

Thank you for being here and participating today!  We are so happy you are here.

Congratulations for generating income on your LLC.  While TurboTax does not do the actual calculations, we can arm you with the tools necessary to do what is required.  Quarterly taxes are typically done 4 times a year, 1) April 18, 2) June 15, 3) Sept. 15, & 4) Jan 16.  Even  though you haven't started making payments, it's not too late.  Here is how you can determine how much you should pay

 

IRS:   1040-ES & Worksheet

AZ:   140es Form & Worksheet

 

Both will have worksheets to determine how much will need to be paid, and how to make the payments, along with requirements.  TurboTax also has several Tools & Calculators to assist and provide more detailed information.


Keep up the good work and let us know if you any further questions!  We will be happy to help!

Holly W

 

 

 

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