- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How does the IRS know what portions of my estimated payment goes to federal tax, SS, and medicare?
I am yet to make my first self employment quarterly tax payment. I've read a lot of web sites looking for advise on how to go about making the payment. My expectation was that there was some form I would need to submit that breaks it all out so the government knows where to direct each portion of the payment (e.g. this much for federal tax, that much for social security, and that much for medicare). But as far as I can tell, there is no such form. I just go to EFTPS and pay the total amount. And I will keep my own records so that I can report it properly on my annual taxes. Does that sound right?
Topics:
March 25, 2023
7:19 PM